Magnetar Financial LLC grew its position in shares of CVR Energy Inc. (NYSE:CVI) by 364.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,617 shares of the oil and gas company’s stock after purchasing an additional 40,499 shares during the quarter. Magnetar Financial LLC owned approximately 0.06% of CVR Energy worth $1,337,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in CVR Energy by 3.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,651 shares of the oil and gas company’s stock worth $210,000 after buying an additional 358 shares during the period. Zweig DiMenna Associates LLC lifted its stake in shares of CVR Energy by 6.4% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 13,300 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 800 shares during the period. Advisor Group Inc. lifted its stake in shares of CVR Energy by 27.6% in the 2nd quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 1,013 shares during the period. Creative Planning lifted its stake in shares of CVR Energy by 39.4% in the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,850 shares during the period. Finally, US Bancorp DE lifted its stake in shares of CVR Energy by 18.0% in the 2nd quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,989 shares during the period.
CVI has been the subject of a number of recent research reports. ValuEngine cut CVR Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The business had revenue of $1.45 billion for the quarter. CVR Energy had a return on equity of 3.37% and a net margin of 0.71%.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.94%. CVR Energy’s dividend payout ratio is 416.68%.
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CVR Energy 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).
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