14,312 Shares in CVR Energy Inc. $CVI Bought by Highland Capital Management LLC

Key Points

• Highland Capital Management LLC acquired 14,312 shares of CVR Energy Inc. valued at approximately $384,000 in the second quarter, reflecting significant interest from institutional investors.
• Analysts have mixed views on CVR Energy, with ratings ranging from a "strong sell" to "hold," and a consensus average target price set at $26.75.
• CVR Energy reported a quarterly loss with an EPS of ($0.23), falling short of expectations, while experiencing a 10.5% decline in revenue year-over-year.

Highland Capital Management LLC acquired a new stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,312 shares of the oil and gas company's stock, valued at approximately $384,000.

A number of other large investors have also added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in shares of CVR Energy in the 2nd quarter valued at about $26,000. Harbor Capital Advisors Inc. lifted its position in CVR Energy by 65.5% during the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 646 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in CVR Energy by 1,030.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 1,772 shares in the last quarter. GAMMA Investing LLC grew its holdings in CVR Energy by 106.6% in the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 1,114 shares during the last quarter. Finally, CWM LLC increased its position in shares of CVR Energy by 304.2% during the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock worth $52,000 after purchasing an additional 2,014 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CVI shares. Zacks Research upgraded CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. Mizuho restated an "underperform" rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Scotiabank upped their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a report on Friday, July 11th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CVR Energy in a research note on Saturday, September 27th. Finally, UBS Group set a $37.00 price target on shares of CVR Energy in a research note on Sunday, September 28th. One analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Sell" and an average target price of $26.75.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $37.00 on Monday. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $38.30. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. The company has a market cap of $3.72 billion, a PE ratio of -11.15 and a beta of 1.25. The company's 50 day moving average is $30.51 and its 200 day moving average is $25.84.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, sell-side analysts forecast that CVR Energy Inc. will post -0.12 EPS for the current 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.

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