53,937 Shares in CVR Energy Inc. $CVI Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd acquired 53,937 shares of CVR Energy Inc. for approximately $1,046,000, making CVR Energy 0.5% of Bayforest's portfolio.
• Analysts have mixed views on CVR Energy, with Mizuho and Scotiabank raising their target prices to $25.00, while Raymond James Financial downgraded it to "underperform."
• CVR Energy's quarterly earnings report showed a loss of ($0.23) per share, missing estimates, despite revenue of $1.76 billion which was slightly above expectations.

Bayforest Capital Ltd bought a new stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,937 shares of the oil and gas company's stock, valued at approximately $1,046,000. CVR Energy comprises approximately 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 29th biggest holding. Bayforest Capital Ltd owned about 0.05% of CVR Energy at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CVI. Price T Rowe Associates Inc. MD lifted its position in CVR Energy by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,111 shares of the oil and gas company's stock worth $490,000 after buying an additional 1,903 shares during the last quarter. Northern Trust Corp lifted its position in CVR Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 400,624 shares of the oil and gas company's stock worth $7,508,000 after buying an additional 35,130 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in CVR Energy by 38.6% in 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 during the last quarter. BNP Paribas Financial Markets boosted its position in shares of CVR Energy by 672.1% during the fourth quarter. BNP Paribas Financial Markets now owns 123,258 shares of the oil and gas company's stock valued at $2,310,000 after buying an additional 107,293 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of 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 valued at $895,000 after buying an additional 6,645 shares during the period. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Trading Down 2.0%

Shares of CVR Energy stock traded down $0.63 during trading hours on Friday, hitting $31.19. The company's stock had a trading volume of 2,404,995 shares, compared to its average volume of 2,176,453. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $33.24. The firm has a fifty day moving average of $28.86 and a 200-day moving average of $24.09. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -9.39 and a beta of 1.32. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results 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). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $0.09 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts forecast that CVR Energy Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

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

CVR Energy Company 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.