CVR Refining (NYSE:CVRR) issued its quarterly earnings results on Thursday. The oil and gas company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.50), Briefing.com reports. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.19 billion. CVR Refining had a return on equity of 7.90% and a net margin of 1.98%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS.
Shares of CVR Refining (NYSE CVRR) opened at $14.35 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86. CVR Refining has a 1 year low of $6.70 and a 1 year high of $18.25. The stock has a market capitalization of $2,177.10, a PE ratio of 19.93 and a beta of 1.31.
Several large investors have recently added to or reduced their stakes in the stock. Bramshill Investments LLC purchased a new stake in shares of CVR Refining during the fourth quarter worth about $1,227,000. Guggenheim Capital LLC grew its position in shares of CVR Refining by 698.3% during the fourth quarter. Guggenheim Capital LLC now owns 197,967 shares of the oil and gas company’s stock worth $3,276,000 after purchasing an additional 173,167 shares in the last quarter. Deutsche Bank AG grew its position in shares of CVR Refining by 23.6% during the fourth quarter. Deutsche Bank AG now owns 675,012 shares of the oil and gas company’s stock worth $11,171,000 after purchasing an additional 129,012 shares in the last quarter. Leucadia National Corp grew its position in shares of CVR Refining by 131.7% during the fourth quarter. Leucadia National Corp now owns 56,000 shares of the oil and gas company’s stock worth $927,000 after purchasing an additional 31,834 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of CVR Refining during the fourth quarter worth about $386,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.
About CVR Refining
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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