Aristeia Capital L.L.C. Buys Shares of 12,705 CVR Energy Inc. $CVI

Key Points

• Aristeia Capital L.L.C. purchased a new stake of 12,705 shares in CVR Energy Inc., valued at approximately $246,000, as reported in their latest SEC filing.
• Several hedge funds, including Vanguard Group and Charles Schwab Investment Management, have increased their stakes in CVR Energy, with institutional investors now holding 98.88% of the company's stock.
• Wall Street analysts have mixed views on CVR Energy, with a current average rating of "Strong Sell" and a target price range indicating lower future expectations.

Aristeia Capital L.L.C. purchased a new position in shares of CVR Energy Inc. (NYSE:CVI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,705 shares of the oil and gas company's stock, valued at approximately $246,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of CVR Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company's stock worth $80,704,000 after purchasing an additional 24,677 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 14.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company's stock worth $17,347,000 after purchasing an additional 111,114 shares during the period. American Century Companies Inc. boosted its stake in shares of CVR Energy by 12.8% during the 1st quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company's stock worth $15,171,000 after purchasing an additional 88,778 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of CVR Energy by 36.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company's stock worth $14,548,000 after purchasing an additional 207,872 shares during the period. Finally, Two Sigma Investments LP boosted its position in CVR Energy by 56.2% in the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock valued at $14,059,000 after buying an additional 269,763 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Down 2.0%

Shares of NYSE CVI traded down $0.63 during midday trading on Friday, reaching $31.19. 2,404,995 shares of the company's stock traded hands, compared to its average volume of 2,232,355. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The stock's 50 day simple moving average is $28.86 and its 200-day simple moving average is $24.15. CVR Energy Inc. has a one year low of $15.10 and a one year high of $33.24. The company has a market cap of $3.14 billion, a price-to-earnings ratio of -9.39 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 for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. On average, analysts predict that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CVI shares. Scotiabank boosted their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research report on Friday, July 11th. Raymond James Financial cut shares of CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Strong Sell" and an average target price of $22.25.

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.