American Century Companies Inc. Acquires 88,778 Shares of CVR Energy Inc. $CVI

Key Points

• American Century Companies Inc. increased its ownership in CVR Energy Inc. by 12.8% in Q1, bringing its total holdings to 782,012 shares valued at approximately $15.17 million.
• Analysts have set a consensus price target for CVR Energy at $22.25, with one "Hold" rating and six "Sell" ratings, indicating a generally bearish outlook.
• CVR Energy's recent earnings report showed a loss of ($0.23) earnings per share, significantly missing analysts' expectations, alongside a 10.5% decline in year-over-year revenue.

American Century Companies Inc. increased its position in CVR Energy Inc. (NYSE:CVI - Free Report) by 12.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 782,012 shares of the oil and gas company's stock after buying an additional 88,778 shares during the quarter. American Century Companies Inc. owned 0.78% of CVR Energy worth $15,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 valued at $80,704,000 after purchasing an additional 24,677 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of CVR Energy by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company's stock worth $40,876,000 after purchasing an additional 238,081 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CVR Energy by 14.2% in 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in 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 valued at $14,548,000 after acquiring an additional 207,872 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in CVR Energy by 56.2% during 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 acquiring an additional 269,763 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Trading Up 0.4%

CVI stock traded up $0.11 during midday trading on Thursday, hitting $29.69. The company had a trading volume of 2,286,006 shares, compared to its average volume of 1,152,444. 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 cap of $2.98 billion, a price-to-earnings ratio of -8.94 and a beta of 1.20. The stock's 50 day moving average price is $28.01 and its 200 day moving average price is $23.12. CVR Energy Inc. has a 52 week low of $15.10 and a 52 week high of $32.67.

CVR Energy (NYSE:CVI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) 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 the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. CVR Energy's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities research analysts expect that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVI has been the topic of a number of recent analyst reports. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Raymond James Financial lowered CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Scotiabank lifted their target price on CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a report on Friday, July 11th. Finally, Mizuho lifted their target price on CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus 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.