Martingale Asset Management L P Makes New $352,000 Investment in CVR Energy Inc. $CVI

Key Points

• Martingale Asset Management L P made a new investment of approximately $352,000 in CVR Energy Inc. by purchasing 18,125 shares during the first quarter.
• Several institutional investors, including Harbor Capital Advisors and CWM LLC, have significantly increased their holdings in CVR Energy, indicating strong investor interest, with institutional ownership now at 98.88%.
• The stock has received a mix of analyst ratings, with a consensus rating of "Strong Sell" and a target price of $22.25. Additionally, CVR Energy reported a loss of ($0.23) EPS for the last quarter, missing estimates.

Martingale Asset Management L P purchased a new position in shares of CVR Energy Inc. (NYSE:CVI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,125 shares of the oil and gas company's stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after buying an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after buying an additional 1,772 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of CVR Energy by 106.6% during the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock worth $42,000 after buying an additional 1,114 shares in the last quarter. CWM LLC boosted its holdings in shares of CVR Energy by 304.2% during the 1st quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock worth $52,000 after buying an additional 2,014 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock worth $191,000 after buying an additional 1,275 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CVI has been the topic of a number of research reports. Scotiabank upped 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. Wall Street Zen lowered CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Raymond James Financial lowered CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. Finally, Mizuho upped their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Hold rating and six have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Sell" and a consensus target price of $22.25.

CVR Energy Price Performance

CVI opened at $28.3890 on Tuesday. CVR Energy Inc. has a 1 year low of $15.10 and a 1 year high of $32.67. 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 company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -8.55 and a beta of 1.20. The firm's fifty day moving average price is $27.97 and its two-hundred day moving average price is $23.00.

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 the consensus estimate of ($0.08) by ($0.15). The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal 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.

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