CVR Energy Inc. (CVI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of CVR Energy Inc. (NYSE:CVI) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,882 shares of the oil and gas company’s stock after selling 76 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in CVR Energy were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CVI. Gotham Asset Management LLC lifted its holdings in shares of CVR Energy by 207.1% in the second quarter. Gotham Asset Management LLC now owns 320,666 shares of the oil and gas company’s stock valued at $6,978,000 after purchasing an additional 216,238 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of CVR Energy by 223.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 204,000 shares of the oil and gas company’s stock valued at $4,438,000 after buying an additional 140,900 shares during the last quarter. AHL Partners LLP acquired a new position in shares of CVR Energy in the second quarter valued at approximately $1,025,000. Goldman Sachs Group Inc. raised its position in shares of CVR Energy by 105.2% in the second quarter. Goldman Sachs Group Inc. now owns 304,811 shares of the oil and gas company’s stock valued at $6,632,000 after buying an additional 156,265 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of CVR Energy in the second quarter valued at approximately $796,000.

CVR Energy Inc. (NYSE CVI) opened at $32.67 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.24 and a quick ratio of 1.69. The firm has a market cap of $2,934.02, a P/E ratio of 51.99 and a beta of 1.80. CVR Energy Inc. has a 52-week low of $16.75 and a 52-week high of $34.12.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $1.45 billion during the quarter. CVR Energy had a net margin of 0.71% and a return on equity of 3.37%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date was Thursday, November 9th. CVR Energy’s dividend payout ratio is presently 416.68%.

A number of equities analysts have recently weighed in on CVI shares. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine lowered shares of CVR Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th.

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CVR Energy Company Profile

CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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