Nuveen LLC Buys Shares of 90,535 CVR Energy Inc. $CVI

Key Points

• Nuveen LLC purchased 90,535 shares of CVR Energy Inc. valued at approximately $1,756,000, representing a 0.09% ownership stake in the company.
• CVR Energy reported a loss of ($0.23) per share for the last quarter, missing analyst expectations, with a revenue of $1.76 billion.
• Analysts generally sell sentiment on the stock, with a consensus rating of "Strong Sell" and an average price target of $22.25.

Nuveen LLC acquired a new stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,535 shares of the oil and gas company's stock, valued at approximately $1,756,000. Nuveen LLC owned approximately 0.09% of CVR Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in 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 valued at $32,000 after buying an additional 646 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CVR Energy by 106.6% in the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 1,114 shares in the last quarter. CWM LLC increased its stake in shares of CVR Energy by 304.2% during the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock valued at $52,000 after acquiring an additional 2,014 shares during the period. ProShare Advisors LLC acquired a new position in shares of CVR Energy during the fourth quarter valued at approximately $193,000. Finally, GTS Securities LLC bought a new stake in CVR Energy during the fourth quarter worth approximately $197,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Stock Down 1.8%

Shares of CVI stock traded down $0.57 on Wednesday, reaching $31.23. 819,660 shares of the company's stock traded hands, compared to its average volume of 1,167,191. The company has a market capitalization of $3.14 billion, a P/E ratio of -9.41 and a beta of 1.32. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $32.67. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17. The business's 50 day moving average price is $28.29 and its two-hundred day moving average price is $23.47.

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

Wall Street Analysts Forecast Growth

CVI has been the subject of a number of research reports. Mizuho increased their price target on CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank raised their target price 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. Finally, Raymond James Financial cut shares of CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Strong Sell" and an average target price 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.