Jacobs Levy Equity Management Inc. Decreases Stock Holdings in CVR Energy Inc. $CVI

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in CVR Energy by 5.1%, now owning approximately 0.73% of the company valued at $14.3 million.
• CVR Energy reported a quarterly EPS of ($0.23), missing estimates by ($0.15), with revenues slightly above expectations at $1.76 billion.
• Equities analysts have generally rated CVR Energy poorly, with an average rating of "Strong Sell" and a price target of $22.25.

Jacobs Levy Equity Management Inc. lessened its stake in CVR Energy Inc. (NYSE:CVI - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 737,087 shares of the oil and gas company's stock after selling 39,226 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.73% of CVR Energy worth $14,299,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its holdings in CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 646 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 purchasing an additional 683 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in CVR Energy by 2.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company's stock valued at $615,000 after purchasing an additional 759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CVR Energy by 1.7% in the 4th 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 valued at $1,130,000 after purchasing an additional 1,035 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in CVR Energy by 106.6% in the 1st 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. Institutional investors and hedge funds own 98.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CVI shares. Raymond James Financial downgraded shares of 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 shares of CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a research note 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's stock. Based on data from MarketBeat.com, CVR Energy presently has a consensus rating of "Strong Sell" and an average price target of $22.25.

CVR Energy Stock Down 0.9%

Shares of CVR Energy stock traded down $0.30 during trading on Friday, hitting $31.52. 945,874 shares of the stock were exchanged, compared to its average volume of 1,215,756. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -9.49 and a beta of 1.32. The firm's 50-day moving average price is $28.82 and its 200 day moving average price is $24.02. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $33.24. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.15). The firm 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%.CVR Energy's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. As a group, 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.