CVR Energy, Inc. (NYSE:CVI) Shares Acquired by Fmr LLC

Fmr LLC boosted its stake in CVR Energy, Inc. (NYSE:CVI) by 103.4% in the 3rd quarter, Holdings Channel reports. The firm owned 4,031 shares of the oil and gas company’s stock after buying an additional 2,049 shares during the quarter. Fmr LLC’s holdings in CVR Energy were worth $93,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CVI. Larson Financial Group LLC boosted its holdings in CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 2,698 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 14.6% in the third 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 period. Intech Investment Management LLC acquired a new stake in CVR Energy during the 3rd quarter valued at $231,000. Advisors Asset Management Inc. increased its stake in CVR Energy by 37.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock worth $8,108,000 after buying an additional 95,371 shares during the period. Finally, Quest Partners LLC lifted its holdings in CVR Energy by 1,034.9% in the 3rd quarter. Quest Partners LLC now owns 39,550 shares of the oil and gas company’s stock worth $911,000 after buying an additional 36,065 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Trading Up 0.4 %

NYSE:CVI opened at $18.08 on Tuesday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 26.20 and a beta of 1.57. 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 1 year low of $15.60 and a 1 year high of $38.07. The business has a fifty day moving average of $19.66 and a 200-day moving average of $23.20.

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

Analysts Set New Price Targets

A number of brokerages recently commented on CVI. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. decreased their price target on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Scotiabank decreased 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 report on Thursday, October 10th. Finally, The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $23.00.

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.