Trexquant Investment LP Makes New $769,000 Investment in CVR Energy Inc. $CVI

Key Points

• Trexquant Investment LP has invested approximately $769,000 in CVR Energy Inc. by acquiring 39,640 shares, according to a recent Form 13F filing with the SEC.
• Several hedge funds, including Price T Rowe Associates and Ameriprise Financial, have also increased their stakes in CVR Energy, revealing growing institutional interest in the company.
• CVR Energy's stock received multiple analyst ratings, with one firm downgrading it to "underperform" and a consensus rating of "Strong Sell" with a price target of $22.25.

Trexquant Investment LP bought a new position in CVR Energy Inc. (NYSE:CVI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 39,640 shares of the oil and gas company's stock, valued at approximately $769,000.

A number of other hedge funds have also bought and sold shares of CVI. Price T Rowe Associates Inc. MD raised its position in CVR Energy by 7.9% in 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 last quarter. Northern Trust Corp raised its position in CVR Energy by 9.6% in 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 last quarter. Ameriprise Financial Inc. raised its position in CVR Energy by 38.6% in 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 last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $2,310,000 after purchasing an additional 107,293 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of CVR Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 47,762 shares of the oil and gas company's stock valued at $895,000 after purchasing an additional 6,645 shares during the period. Hedge funds and other institutional investors own 98.88% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CVI. Scotiabank boosted their price target 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. Mizuho boosted 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. Finally, Raymond James Financial downgraded CVR Energy from a "market perform" rating to an "underperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Sell" and a consensus price target of $22.25.

CVR Energy Trading Up 1.3%

Shares of NYSE:CVI opened at $31.38 on Monday. The stock has a 50 day moving average of $28.54 and a 200 day moving average of $23.75. The company has a market cap of $3.15 billion, a PE ratio of -9.45 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $32.67.

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 analysts' consensus estimates of ($0.08) by ($0.15). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The company's revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, equities research 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.