KLP Kapitalforvaltning AS Reduces Stock Holdings in CVR Energy Inc. (NYSE:CVI)

KLP Kapitalforvaltning AS lessened its stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the oil and gas company's stock after selling 8,900 shares during the quarter. KLP Kapitalforvaltning AS's holdings in CVR Energy were worth $388,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of CVR Energy by 13.4% in the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock valued at $12,991,000 after buying an additional 81,647 shares during the period. Sei Investments Co. grew its position in CVR Energy by 59.5% in the 4th quarter. Sei Investments Co. now owns 15,822 shares of the oil and gas company's stock valued at $296,000 after acquiring an additional 5,900 shares in the last quarter. Vanguard Group Inc. increased its stake in CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock worth $77,496,000 after purchasing an additional 154,125 shares during the period. Norges Bank purchased a new stake in CVR Energy during the fourth quarter worth about $2,311,000. Finally, Geode Capital Management LLC lifted its position in shares of CVR Energy by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company's stock worth $14,513,000 after purchasing an additional 3,261 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CVI shares. Raymond James Financial cut shares of CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Wall Street Zen cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Mizuho boosted their price target on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Scotiabank increased their price objective 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. Seven investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $23.80.

CVR Energy Stock Down 6.4%

CVR Energy stock traded down $1.71 during trading on Friday, reaching $25.07. The stock had a trading volume of 1,741,863 shares, compared to its average volume of 998,199. The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 2.47. CVR Energy Inc. has a 52-week low of $15.10 and a 52-week high of $32.67. The stock has a market cap of $2.52 billion, a PE ratio of -7.55 and a beta of 1.20. The business has a 50 day moving average price of $27.18 and a 200 day moving average price of $22.25.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 17.18%. CVR Energy's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, analysts predict that CVR Energy Inc. will post -0.12 EPS for the current year.

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.