Camelot Portfolios LLC lowered its stake in CVR Energy Inc. (NYSE:CVI - Free Report) by 40.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,051 shares of the oil and gas company's stock after selling 16,755 shares during the quarter. Camelot Portfolios LLC's holdings in CVR Energy were worth $673,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CVR Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock worth $364,000 after buying an additional 683 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of CVR Energy during the fourth quarter worth approximately $193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CVR Energy by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company's stock worth $1,130,000 after acquiring an additional 1,035 shares during the period. GTS Securities LLC bought a new stake in shares of CVR Energy during the fourth quarter worth approximately $197,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CVR Energy by 3,908.1% during the first quarter. GAMMA Investing LLC now owns 41,885 shares of the oil and gas company's stock worth $813,000 after acquiring an additional 40,840 shares during the period. Institutional investors and hedge funds own 98.88% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CVI. 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, September 15th. Raymond James Financial cut CVR Energy from a "market perform" rating to an "underperform" rating in a research note on Tuesday, July 15th. Scotiabank boosted their price target on CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research note on Friday, July 11th. Finally, Zacks Research upgraded CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Sell" and a consensus price target of $23.25.
Get Our Latest Stock Report on CVR Energy
CVR Energy Stock Up 0.8%
Shares of CVI opened at $36.30 on Friday. CVR Energy Inc. has a one year low of $15.10 and a one year high of $36.51. The company has a market cap of $3.65 billion, a P/E ratio of -10.93 and a beta of 1.32. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $29.62 and a two-hundred day simple moving average of $25.23.
CVR Energy (NYSE:CVI - Get Free Report) last announced 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). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm'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 fiscal year.
About CVR Energy
(
Free Report)
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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