Teacher Retirement System of Texas cut its position in CVR Energy, Inc. (NYSE:CVI – Get Rating) by 30.1% during the 4th quarter, HoldingsChannel reports. The firm owned 26,840 shares of the oil and gas company’s stock after selling 11,531 shares during the quarter. Teacher Retirement System of Texas’ holdings in CVR Energy were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC bought a new stake in CVR Energy during the first quarter worth approximately $255,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of CVR Energy during the first quarter worth $79,000. MetLife Investment Management LLC lifted its position in CVR Energy by 16.0% in the 1st quarter. MetLife Investment Management LLC now owns 15,688 shares of the oil and gas company’s stock valued at $401,000 after acquiring an additional 2,162 shares in the last quarter. Rhumbline Advisers increased its stake in CVR Energy by 6.9% in the 1st quarter. Rhumbline Advisers now owns 45,196 shares of the oil and gas company’s stock valued at $1,154,000 after buying an additional 2,915 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in CVR Energy by 0.7% in the 1st quarter. BlackRock Inc. now owns 2,522,277 shares of the oil and gas company’s stock valued at $64,420,000 after purchasing an additional 17,656 shares during the last quarter. 95.51% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group initiated coverage on CVR Energy in a report on Wednesday, March 8th. They set a “neutral” rating and a $36.00 price objective for the company.
CVR Energy Stock Up 0.1 %
CVR Energy (NYSE:CVI – Get Rating) last posted its earnings results on Monday, May 1st. The oil and gas company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.49. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.23 billion. CVR Energy had a return on equity of 84.70% and a net margin of 5.23%. Equities research analysts forecast that CVR Energy, Inc. will post 3.7 EPS for the current year.
CVR Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 15th were given a $0.50 dividend. The ex-dividend date was Friday, May 12th. This represents a $2.00 annualized dividend and a yield of 7.26%. CVR Energy’s dividend payout ratio is presently 35.65%.
About CVR Energy
CVR Energy, Inc is a holding company. The firm engages in the petroleum refining and marketing business. It operates through the Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets high value transportation fuels. The Nitrogen Fertilizer segment markets nitrogen fertilizers primarily in the form of UAN and ammonia.
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