Maryland State Retirement & Pension System Invests $268,000 in CVR Energy Inc. $CVI

Key Points

• The Maryland State Retirement & Pension System has acquired a new position in CVR Energy Inc., investing approximately $268,000 for 9,974 shares in the second quarter.
• CVR Energy's stock currently has a market capitalization of $3.55 billion and has experienced a significant fluctuation with a 1-year low of $15.10 and a high of $38.30.
• Recent analyst reports have predominantly issued negative ratings for CVR Energy, with a consensus rating of "Strong Sell" and a target price of $27.00.

Maryland State Retirement & Pension System acquired a new position in CVR Energy Inc. (NYSE:CVI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,974 shares of the oil and gas company's stock, valued at approximately $268,000.

Several other institutional investors have also recently modified their holdings of the company. Matrix Trust Co acquired a new stake in CVR Energy during the second quarter worth about $26,000. Harbor Capital Advisors Inc. grew its holdings in CVR Energy by 65.5% during the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after acquiring an additional 646 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in CVR Energy by 1,030.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 1,772 shares during the period. GAMMA Investing LLC grew its holdings in CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 1,114 shares during the period. Finally, CWM LLC grew its holdings in CVR Energy by 304.2% during the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock worth $52,000 after acquiring an additional 2,014 shares during the period. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Performance

Shares of NYSE:CVI opened at $35.29 on Wednesday. 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 business's 50 day moving average price is $31.74 and its 200-day moving average price is $26.55. The firm has a market capitalization of $3.55 billion, a PE ratio of -10.63 and a beta of 1.25. CVR Energy Inc. has a 1 year low of $15.10 and a 1 year high of $38.30.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $1.76 billion during the quarter. CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%. 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 several analyst reports. Mizuho reaffirmed an "underperform" rating and set a $29.00 target price (up from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CVR Energy in a report on Wednesday, October 8th. Raymond James Financial lowered CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Scotiabank reissued an "underperform" rating on shares of CVR Energy in a report on Thursday, October 9th. Finally, Zacks Research raised CVR Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, CVR Energy currently has a consensus rating of "Strong Sell" and a consensus target price of $27.00.

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.

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