Victory Capital Management Inc. Lowers Stock Position in CVR Energy Inc. (NYSE:CVI)

Victory Capital Management Inc. lessened its stake in CVR Energy Inc. (NYSE:CVI - Free Report) by 55.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,891 shares of the oil and gas company's stock after selling 89,916 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of CVR Energy worth $1,414,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CVI. Two Sigma Investments LP boosted its stake in shares of CVR Energy by 56.2% in the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock valued at $14,059,000 after purchasing an additional 269,763 shares in the last quarter. Millennium Management LLC increased its holdings in shares of CVR Energy by 1,203.0% in the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock worth $5,362,000 after buying an additional 264,143 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of CVR Energy by 744.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock valued at $5,493,000 after acquiring an additional 258,436 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CVR Energy by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company's stock valued at $40,876,000 after acquiring an additional 238,081 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in CVR Energy by 36.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company's stock worth $14,548,000 after acquiring an additional 207,872 shares during the last quarter. 98.88% of the stock is owned by institutional investors.

CVR Energy Trading Down 6.4%

NYSE:CVI traded down $1.71 during trading hours on Friday, hitting $25.07. The company had a trading volume of 1,741,863 shares, compared to its average volume of 998,199. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.32 and a quick ratio of 0.85. The stock has a 50-day moving average price of $27.18 and a 200 day moving average price of $22.23. The company has a market capitalization of $2.52 billion, a PE ratio of -7.55 and a beta of 1.20. CVR Energy Inc. has a 52 week low of $15.10 and a 52 week high of $32.67.

CVR Energy (NYSE:CVI - Get Free Report) last announced its 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 17.18%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.09 EPS. The company's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts predict that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CVI. Scotiabank boosted their price objective on CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research report on Friday, July 11th. Mizuho lifted their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial lowered shares of CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, CVR Energy currently has a consensus rating of "Reduce" and a consensus price target of $23.80.

CVR Energy Profile

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.