Vanguard Group Inc. Acquires 24,677 Shares of CVR Energy Inc. $CVI

Key Points

• Vanguard Group Inc. increased its stake in CVR Energy Inc. by 0.6%, now owning approximately 4.14% of the company, valued at $80.70 million.
• Several institutional investors significantly boosted their positions in CVR Energy during the fourth quarter, with Millennium Management increasing its stake by 1,203%.
• CVR Energy reported a loss of ($0.23) earnings per share for the last quarter, missing analyst expectations, and currently has an average rating of "Strong Sell" with a target price of $22.25.

Vanguard Group Inc. grew its stake in shares of CVR Energy Inc. (NYSE:CVI - Free Report) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,159,992 shares of the oil and gas company's stock after purchasing an additional 24,677 shares during the period. Vanguard Group Inc. owned approximately 4.14% of CVR Energy worth $80,704,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CVI. Harbor Capital Advisors Inc. boosted its stake 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 valued at $32,000 after purchasing an additional 646 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 valued at $42,000 after purchasing an additional 1,114 shares in the last quarter. CWM LLC boosted its stake in shares of CVR Energy by 304.2% during the 1st quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock valued at $52,000 after purchasing an additional 2,014 shares in the last quarter. IHT Wealth Management LLC lifted its position in CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock valued at $191,000 after acquiring an additional 1,275 shares during the period. Finally, ProShare Advisors LLC purchased a new position in CVR Energy during the 4th quarter valued at about $193,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Stock Performance

Shares of CVI traded up $0.42 during mid-day trading on Thursday, hitting $30.00. 1,495,195 shares of the company traded hands, compared to its average volume of 1,146,740. 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 stock has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $23.12. CVR Energy Inc. has a 1 year low of $15.10 and a 1 year high of $32.67. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -9.04 and a beta of 1.20.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share 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 company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Equities analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CVI. Scotiabank lifted their price target on shares of CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research report on Friday, July 11th. Wall Street Zen cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. 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. Finally, Mizuho lifted their price target 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. One research analyst has rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, CVR Energy currently has a consensus 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.