Thrivent Financial for Lutherans Has $618,000 Stake in CVR Energy, Inc. (NYSE:CVI)

Thrivent Financial for Lutherans boosted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 10.9% in the third quarter, Holdings Channel reports. The fund owned 26,841 shares of the oil and gas company’s stock after acquiring an additional 2,639 shares during the period. Thrivent Financial for Lutherans’ holdings in CVR Energy were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVI. Headlands Technologies LLC lifted its position in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in CVR Energy during the 3rd quarter worth $46,000. Quest Partners LLC lifted its position in CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 1,119 shares during the last quarter. Covestor Ltd lifted its position in CVR Energy by 97.2% during the 3rd quarter. Covestor Ltd now owns 7,376 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 3,635 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in CVR Energy during the 2nd quarter worth $202,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CVI. Scotiabank cut their price objective on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a research report on Thursday, October 10th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Mizuho cut their price objective on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $24.75.

CVR Energy Stock Performance

NYSE CVI opened at $18.43 on Thursday. The stock has a market cap of $1.85 billion, a P/E ratio of 26.46 and a beta of 1.57. The company’s 50-day simple moving average is $21.02 and its 200 day simple moving average is $24.11. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

CVR Energy (NYSE:CVI) last posted its earnings results 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 business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The business’s revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. As a group, research analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

CVR Energy Company 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.