CVR Energy, Inc. (NYSE:CVI) Shares Acquired by State Street Corp

State Street Corp boosted its holdings in CVR Energy, Inc. (NYSE:CVI) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,075,058 shares of the oil and gas company’s stock after purchasing an additional 317,475 shares during the quarter. State Street Corp owned approximately 2.06% of CVR Energy worth $47,789,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its holdings 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 bought a new position in CVR Energy in the third quarter worth about $46,000. Larson Financial Group LLC boosted its stake in CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares during the period. Quest Partners LLC grew its holdings in shares of CVR Energy by 47.3% during the second 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, FMR LLC grew its holdings in shares of CVR Energy by 103.4% during the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 2,049 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho raised their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday. The Goldman Sachs Group reduced their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Scotiabank dropped their price target on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Tudor Pickering raised CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, CVR Energy presently has a consensus rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Trading Up 0.2 %

Shares of NYSE:CVI opened at $17.95 on Friday. The company has a 50 day moving average of $19.80 and a 200-day moving average of $23.31. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.80 billion, a P/E ratio of 26.01 and a beta of 1.57. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07.

CVR Energy (NYSE:CVI) last released 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). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company earned $1.89 earnings per share. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

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.