Regal Investment Advisors LLC boosted its position in shares of CVR Refining, LP (NYSE:CVRR) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,637 shares of the oil and gas company’s stock after purchasing an additional 4,100 shares during the period. Regal Investment Advisors LLC’s holdings in CVR Refining, were worth $410,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in CVR Refining, by 1.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 58,550 shares of the oil and gas company’s stock valued at $556,000 after purchasing an additional 1,100 shares during the last quarter. Alliancebernstein L.P. boosted its position in CVR Refining, by 14.4% in the 2nd quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 1,705 shares during the period. California Public Employees Retirement System boosted its position in CVR Refining, by 3.3% in the 2nd quarter. California Public Employees Retirement System now owns 100,400 shares of the oil and gas company’s stock valued at $954,000 after buying an additional 3,200 shares during the period. Stifel Financial Corp boosted its position in CVR Refining, by 26.8% in the 2nd quarter. Stifel Financial Corp now owns 39,499 shares of the oil and gas company’s stock valued at $385,000 after buying an additional 8,342 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in CVR Refining, in the 1st quarter valued at about $100,000. Institutional investors own 11.48% of the company’s stock.
CVR Refining, LP (CVRR) traded down $0.20 during trading hours on Monday, hitting $12.30. 586,100 shares of the stock were exchanged, compared to its average volume of 459,120. The firm has a market capitalization of $1,820.00, a price-to-earnings ratio of 17.08 and a beta of 1.29. CVR Refining, LP has a 1 year low of $6.70 and a 1 year high of $13.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.34.
The company also recently declared a special dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 10th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Thursday, November 9th. CVR Refining,’s dividend payout ratio (DPR) is presently 515.07%.
CVRR has been the subject of several research reports. Tudor Pickering raised shares of CVR Refining, from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. BidaskClub raised shares of CVR Refining, from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Zacks Investment Research cut shares of CVR Refining, from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. ValuEngine raised shares of CVR Refining, from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. upped their price target on shares of CVR Refining, from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.29.
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CVR Refining, Company Profile
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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