Oregon Public Employees Retirement Fund Has $273,000 Stake in CVR Energy, Inc. (NYSE:CVI)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund cut its stake in shares of CVR Energy, Inc. (NYSE:CVI – Free Report) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,122 shares of the oil and gas company’s stock after selling 578 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CVR Energy were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC bought a new stake in shares of CVR Energy in the 1st quarter valued at $255,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in CVR Energy in the first quarter valued at $79,000. MetLife Investment Management LLC boosted its position in CVR Energy by 16.0% during the first 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 during the last quarter. Rhumbline Advisers grew its holdings in CVR Energy by 6.9% during the 1st quarter. Rhumbline Advisers now owns 45,196 shares of the oil and gas company’s stock worth $1,154,000 after acquiring an additional 2,915 shares during the period. Finally, BlackRock Inc. raised its position in shares of 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 worth $64,420,000 after acquiring an additional 17,656 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CVI shares. UBS Group cut their target price on CVR Energy from $36.00 to $34.00 in a research report on Friday, June 30th. StockNews.com started coverage on CVR Energy in a report on Thursday, October 5th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of CVR Energy from $28.00 to $31.00 and gave the company a “sell” rating in a research note on Friday, September 1st.

Read Our Latest Analysis on CVI

CVR Energy Stock Performance

Shares of CVI opened at $32.31 on Tuesday. CVR Energy, Inc. has a one year low of $22.60 and a one year high of $42.21. The company has a market cap of $3.25 billion, a PE ratio of 6.14 and a beta of 1.55. The stock has a 50-day moving average of $33.56 and a 200-day moving average of $30.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.28 and a quick ratio of 0.87.

CVR Energy (NYSE:CVI – Get Free Report) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.44. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.36 billion. CVR Energy had a return on equity of 77.36% and a net margin of 5.35%. On average, equities research analysts predict that CVR Energy, Inc. will post 5.83 EPS for the current fiscal year.

CVR Energy Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a yield of 5.4%. CVR Energy’s payout ratio is 38.02%.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn sold 120,243 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.50, for a total transaction of $4,148,383.50. Following the completion of the sale, the insider now directly owns 70,929,214 shares of the company’s stock, valued at $2,447,057,883. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Carl C. Icahn sold 120,243 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.50, for a total value of $4,148,383.50. Following the transaction, the insider now owns 70,929,214 shares in the company, valued at $2,447,057,883. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn sold 4,100,000 shares of CVR Energy stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $35.20, for a total value of $144,320,000.00. Following the transaction, the insider now directly owns 66,692,381 shares in the company, valued at approximately $2,347,571,811.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,379,033 shares of company stock valued at $154,031,842. Corporate insiders own 0.01% of the company’s stock.

About CVR Energy

(Free Report)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.