CVR Energy, Inc. (NYSE:CVI) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,505 shares of the oil and gas company’s stock after buying an additional 2,388 shares during the period. State of Alaska Department of Revenue’s holdings in CVR Energy were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CVI. Headlands Technologies LLC boosted its stake in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 1,321 shares during the period. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the third quarter worth approximately $46,000. Covestor Ltd grew its holdings in CVR Energy by 45,560.0% during the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 2,278 shares in the last quarter. Quest Partners LLC increased its position in shares of CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of CVR Energy in the 1st quarter valued at $213,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CVI has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Mizuho lowered their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. UBS Group lowered their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $24.75.

CVR Energy Stock Up 11.7 %

CVR Energy stock opened at $18.46 on Friday. The company has a market capitalization of $1.86 billion, a P/E ratio of 26.75 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. The stock has a 50-day simple moving average of $22.46 and a 200-day simple moving average of $25.55.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. CVR Energy’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. Equities research analysts expect that CVR Energy, Inc. will post 0.12 earnings per share for the current year.

CVR Energy Profile

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