Dynamic Technology Lab Private Ltd Purchases New Stake in CVR Energy Inc. $CVI

Key Points

• Dynamic Technology Lab Private Ltd acquired 19,502 shares of CVR Energy Inc. valued at approximately $378,000, marking a new position for the institutional investor.
• CVR Energy reported a quarterly loss of ($0.23) EPS, missing estimates and showing a 10.5% year-over-year revenue decline to $1.76 billion.
• Analysts have a consensus rating of "Strong Sell" for CVR Energy, with an average target price of $22.25 following various ratings adjustments.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,502 shares of the oil and gas company's stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CVI. Harbor Capital Advisors Inc. lifted its holdings in CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 646 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in CVR Energy by 1,030.2% during 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 purchasing an additional 1,772 shares during the last quarter. GAMMA Investing LLC lifted its stake in CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 1,114 shares during the last quarter. CWM LLC lifted its stake in CVR Energy by 304.2% during the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock valued at $52,000 after purchasing an additional 2,014 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in CVR Energy during the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Stock Performance

Shares of CVI traded up $0.34 during mid-day trading on Wednesday, hitting $33.52. The company's stock had a trading volume of 502,084 shares, compared to its average volume of 1,235,100. CVR Energy Inc. has a one year low of $15.10 and a one year high of $33.65. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17. The firm has a market capitalization of $3.37 billion, a PE ratio of -10.08 and a beta of 1.32. The stock's 50-day moving average is $28.92 and its two-hundred day moving average is $24.30.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. As a group, sell-side analysts anticipate that CVR Energy Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

CVI has been the subject of several recent research reports. Scotiabank increased their target price on shares of CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research note on Friday, July 11th. Raymond James Financial downgraded CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Finally, Mizuho restated an "underperform" rating and set a $29.00 price objective (up previously from $27.00) on shares of CVR Energy in a report on Monday. Five research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Strong Sell" and an average price target of $23.25.

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.