Natixis Advisors LLC Makes New Investment in CVR Energy Inc. (NYSE:CVI)

Key Points

• Natixis Advisors LLC has made a new investment of $321,000 in CVR Energy, acquiring 16,535 shares of the company during the first quarter.
• CVR Energy's stock received mixed analyst ratings, with several firms lifting their price target to $25.00, while others downgraded the stock, resulting in a consensus rating of "Reduce."
• CVR Energy reported a loss of ($0.23) EPS, missing estimates, and experienced a 10.5% decline in quarterly revenue year-over-year.

Natixis Advisors LLC purchased a new position in shares of CVR Energy Inc. (NYSE:CVI - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,535 shares of the oil and gas company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 1,114 shares during the last quarter. Harbor Capital Advisors Inc. grew its position 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 during the period. Millennium Management LLC raised its stake in shares of CVR Energy by 1,203.0% during the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock worth $5,362,000 after buying an additional 264,143 shares during the last quarter. Northern Trust Corp lifted its holdings in CVR Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 400,624 shares of the oil and gas company's stock valued at $7,508,000 after buying an additional 35,130 shares during the period. Finally, Two Sigma Investments LP boosted its stake in CVR Energy by 56.2% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Stock Up 0.2%

Shares of NYSE CVI traded up $0.05 during mid-day trading on Friday, reaching $27.05. 1,287,020 shares of the company's stock were exchanged, compared to its average volume of 1,436,593. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $32.67. 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 firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -8.15 and a beta of 1.20. The business has a fifty day simple moving average of $27.75 and a 200 day simple moving average of $22.62.

CVR Energy (NYSE:CVI - Get Free Report) last issued 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). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. CVR Energy's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts expect that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVI has been the subject of several recent research reports. Mizuho upped their target price on shares of CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Raymond James Financial downgraded CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Scotiabank raised their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Seven research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $22.25.

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.