UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.36 Million Stock Position in CVR Energy, Inc. (NYSE:CVI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CVR Energy, Inc. (NYSE:CVI) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,247 shares of the oil and gas company’s stock after buying an additional 9,247 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CVR Energy were worth $1,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CVI. Public Sector Pension Investment Board grew its position in CVR Energy by 12.0% in the third quarter. Public Sector Pension Investment Board now owns 72,542 shares of the oil and gas company’s stock valued at $1,671,000 after acquiring an additional 7,796 shares during the period. Townsquare Capital LLC bought a new stake in shares of CVR Energy in the 3rd quarter worth about $221,000. FMR LLC increased its position in shares of CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 2,049 shares in the last quarter. Larson Financial Group LLC lifted its holdings in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 2,698 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after purchasing an additional 81,590 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Down 0.2 %

NYSE CVI opened at $18.50 on Wednesday. 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 52 week low of $15.60 and a 52 week high of $38.07. The stock has a market capitalization of $1.86 billion, a P/E ratio of 26.80 and a beta of 1.57. The stock has a fifty day moving average of $20.06 and a 200-day moving average of $23.39.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period last year, the business posted $1.89 EPS. On average, equities research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVI. JPMorgan Chase & Co. reduced their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Mizuho raised their target price on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, The Goldman Sachs Group decreased their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat, CVR Energy presently has an average rating of “Reduce” and an average price target of $23.00.

About CVR Energy

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.