State of Wyoming Makes New $233,000 Investment in CVR Energy Inc. $CVI

Key Points

• The State of Wyoming has made a new investment of approximately $233,000 in CVR Energy Inc. by acquiring 11,999 shares.
• Multiple institutional investors have recently increased their stakes in CVR Energy, with Ameriprise Financial Inc. boosting its holdings by 38.6% in the fourth quarter.
• CVR Energy's recent earnings report showed a loss of $0.23 per share, missing analysts' expectations, and a 10.5% year-over-year decline in revenue.

State of Wyoming bought a new position in CVR Energy Inc. (NYSE:CVI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,999 shares of the oil and gas company's stock, valued at approximately $233,000.

Several other large investors also recently added to or reduced their stakes in CVI. MetLife Investment Management LLC grew its position in CVR Energy by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 22,483 shares of the oil and gas company's stock worth $421,000 after acquiring an additional 2,691 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of CVR Energy by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,111 shares of the oil and gas company's stock worth $490,000 after buying an additional 1,903 shares during the period. Northern Trust Corp boosted its holdings in shares of CVR Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 400,624 shares of the oil and gas company's stock worth $7,508,000 after buying an additional 35,130 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of CVR Energy by 38.6% during the 4th quarter. Ameriprise Financial Inc. now owns 732,452 shares of the oil and gas company's stock worth $13,726,000 after buying an additional 204,101 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of CVR Energy by 672.1% during the 4th quarter. BNP Paribas Financial Markets now owns 123,258 shares of the oil and gas company's stock worth $2,310,000 after buying an additional 107,293 shares during the period. 98.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

CVI has been the subject of several recent analyst reports. Raymond James Financial downgraded shares of CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Scotiabank upped their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a report on Friday, July 11th. Finally, Mizuho upped their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, CVR Energy presently has a consensus rating of "Strong Sell" and a consensus target price of $22.25.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $30.92 on Thursday. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. CVR Energy Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $32.67. The firm has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $23.52. The company has a market cap of $3.11 billion, a PE ratio of -9.31 and a beta of 1.32.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results 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). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.09 earnings per share. CVR Energy's revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect 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.

Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy Inc. (NYSE:CVI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.