Northern Trust Corp Grows Holdings in CVR Energy Inc. (CVI)
Northern Trust Corp grew its position in shares of CVR Energy Inc. (NYSE:CVI) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,067 shares of the oil and gas company’s stock after purchasing an additional 5,967 shares during the period. Northern Trust Corp owned approximately 0.25% of CVR Energy worth $4,811,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Century Capital Management LLC acquired a new position in CVR Energy during the second quarter worth $1,376,000. Russell Investments Group Ltd. lifted its stake in CVR Energy by 83.3% during the second quarter. Russell Investments Group Ltd. now owns 57,144 shares of the oil and gas company’s stock worth $1,243,000 after purchasing an additional 25,964 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in CVR Energy by 10.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 218,138 shares of the oil and gas company’s stock worth $4,381,000 after purchasing an additional 21,420 shares in the last quarter. Breton Hill Capital Ltd. acquired a new position in CVR Energy during the second quarter worth $728,000. Finally, American International Group Inc. lifted its stake in CVR Energy by 5.9% during the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 628 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.
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A number of research analysts have commented on CVI shares. ValuEngine cut CVR Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th. BidaskClub cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
Shares of CVR Energy Inc. (NYSE CVI) opened at $31.74 on Friday. The stock has a market capitalization of $2,756.02, a price-to-earnings ratio of 48.83 and a beta of 1.70. The company has a quick ratio of 1.69, a current ratio of 2.24 and a debt-to-equity ratio of 0.72. CVR Energy Inc. has a 52 week low of $16.04 and a 52 week high of $32.42.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.30%. The ex-dividend date was Thursday, November 9th. CVR Energy’s payout ratio is currently 416.68%.
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).
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