CVR Energy, Inc. (NYSE:CVI) Holdings Lifted by Barclays PLC

Barclays PLC grew its position in CVR Energy, Inc. (NYSE:CVI) by 214.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 78,030 shares of the oil and gas company’s stock after buying an additional 53,203 shares during the period. Barclays PLC’s holdings in CVR Energy were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after acquiring an additional 81,590 shares during the period. Royce & Associates LP lifted its stake in shares of CVR Energy by 58.1% in the 3rd quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock worth $2,327,000 after acquiring an additional 37,130 shares during the period. State Street Corp lifted its stake in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after acquiring an additional 317,475 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Energy in the 3rd quarter worth approximately $5,335,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of CVR Energy by 37.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock worth $8,108,000 after acquiring an additional 95,371 shares during the period. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. The Goldman Sachs Group reduced their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Mizuho raised their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Scotiabank reduced their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $18.47 on Friday. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.86 billion, a PE ratio of 26.77 and a beta of 1.57. The business has a fifty day simple moving average of $19.07 and a 200-day simple moving average of $22.95.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The company’s revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. On average, sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current fiscal 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.