Amanah Holdings Trust Acquires Shares of 670,000 CVR Energy Inc. $CVI

Key Points

• Amanah Holdings Trust has acquired 670,000 shares of CVR Energy Inc., valued at approximately $17.996 million, making it the 12th largest holding in its portfolio.
• CVR Energy recently reported a loss of $0.23 per share for the last quarter, missing estimates by $0.15, while its revenue of $1.76 billion represented a 10.5% decrease year-over-year.
• Analysts have a consensus rating of "Strong Sell" for CVR Energy, with an average price target set at $22.25.

Amanah Holdings Trust acquired a new position in shares of CVR Energy Inc. (NYSE:CVI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 670,000 shares of the oil and gas company's stock, valued at approximately $17,996,000. CVR Energy accounts for 4.5% of Amanah Holdings Trust's portfolio, making the stock its 12th largest position. Amanah Holdings Trust owned about 0.67% of CVR Energy at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CVI. Northern Trust Corp grew its stake in CVR Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 400,624 shares of the oil and gas company's stock valued at $7,508,000 after acquiring an additional 35,130 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in CVR Energy by 38.6% during the fourth quarter. Ameriprise Financial Inc. now owns 732,452 shares of the oil and gas company's stock worth $13,726,000 after purchasing an additional 204,101 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in CVR Energy by 16.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 47,762 shares of the oil and gas company's stock worth $895,000 after purchasing an additional 6,645 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of CVR Energy by 48.8% in the fourth quarter. Deutsche Bank AG now owns 29,209 shares of the oil and gas company's stock valued at $547,000 after buying an additional 9,575 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CVR Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock valued at $364,000 after buying an additional 683 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CVI has been the topic of several research analyst reports. Scotiabank boosted their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a research report on Friday, July 11th. Raymond James Financial lowered shares of CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. Zacks Research upgraded shares of CVR Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Mizuho reiterated an "underperform" rating and issued a $29.00 price objective (up from $27.00) on shares of CVR Energy in a research report on Monday. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and an average price target of $23.25.

CVR Energy Trading Up 0.2%

Shares of NYSE CVI traded up $0.06 on Friday, reaching $33.93. 881,849 shares of the company traded hands, compared to its average volume of 1,249,481. CVR Energy Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $34.08. The company has a 50 day moving average of $28.98 and a 200 day moving average of $24.47. 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 stock has a market capitalization of $3.41 billion, a PE ratio of -10.22 and a beta of 1.32.

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

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.