Trexquant Investment LP Acquires Shares of 39,640 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 shares of CVR Energy Inc. (NYSE:CVI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,640 shares of the oil and gas company's stock, valued at approximately $769,000.

Several other large investors have also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its position in CVR Energy by 26.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company's stock worth $11,394,000 after buying an additional 123,510 shares during the period. Martingale Asset Management L P purchased a new position in CVR Energy during the first quarter worth about $352,000. American Century Companies Inc. lifted its position in CVR Energy by 12.8% during the first quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company's stock worth $15,171,000 after buying an additional 88,778 shares during the period. Caitong International Asset Management Co. Ltd increased its stake 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 last quarter. Finally, Public Sector Pension Investment Board increased its stake in CVR Energy by 26.6% during the first quarter. Public Sector Pension Investment Board now owns 108,357 shares of the oil and gas company's stock worth $2,102,000 after acquiring an additional 22,798 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Down 2.0%

Shares of CVI stock traded down $0.63 during trading hours on Friday, reaching $31.19. The company had a trading volume of 2,404,995 shares, compared to its average volume of 2,176,453. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $33.24. The company has a market capitalization of $3.14 billion, a P/E ratio of -9.39 and a beta of 1.32. The stock's fifty day simple moving average is $28.86 and its 200 day simple moving average is $24.09.

CVR Energy (NYSE:CVI - Get Free Report) last posted its earnings results 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). 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 analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.09 EPS. CVR Energy's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CVI shares. Raymond James Financial lowered CVR Energy from a "market perform" rating to an "underperform" rating in a research note on Tuesday, July 15th. Scotiabank upped their price target on CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Strong Sell" 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.