Public Employees Retirement System of Ohio Sells 28,332 Shares of CVR Energy, Inc. (NYSE:CVI)

Public Employees Retirement System of Ohio lessened its stake in CVR Energy, Inc. (NYSE:CVI) by 96.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,155 shares of the oil and gas company’s stock after selling 28,332 shares during the period. Public Employees Retirement System of Ohio’s holdings in CVR Energy were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in CVR Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock valued at $26,109,000 after purchasing an additional 3,134 shares during the period. TrueMark Investments LLC acquired a new stake in shares of CVR Energy during the second quarter worth $419,000. Empirical Finance LLC increased its position in shares of CVR Energy by 16.6% during the second quarter. Empirical Finance LLC now owns 19,837 shares of the oil and gas company’s stock worth $531,000 after buying an additional 2,829 shares during the period. Rothschild Investment LLC bought a new position in CVR Energy during the second quarter worth $530,000. Finally, Commonwealth Equity Services LLC lifted its holdings in CVR Energy by 104.5% in the second quarter. Commonwealth Equity Services LLC now owns 16,704 shares of the oil and gas company’s stock valued at $447,000 after buying an additional 8,537 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVI. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. dropped their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Scotiabank cut their price target on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a report on Thursday, October 10th. Finally, Tudor Pickering raised CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Stock Up 0.3 %

CVI opened at $18.01 on Monday. The company’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $23.22. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 26.10 and a beta of 1.57.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company posted $1.89 EPS. CVR Energy’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

CVR Energy Company 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.