California Public Employees Retirement System raised its position in shares of CVR Energy Inc. (NYSE:CVI) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 134,200 shares of the company’s stock after buying an additional 6,800 shares during the period. California Public Employees Retirement System owned about 0.15% of CVR Energy worth $2,080,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CVI. Quantbot Technologies LP raised its position in CVR Energy by 77.1% in the second quarter. Quantbot Technologies LP now owns 7,627 shares of the company’s stock worth $118,000 after buying an additional 3,320 shares during the last quarter. Invictus RG purchased a new position in CVR Energy during the first quarter worth about $157,000. Quantitative Investment Management LLC purchased a new position in CVR Energy during the second quarter worth about $176,000. Nisa Investment Advisors LLC raised its position in CVR Energy by 174.5% in the second quarter. Nisa Investment Advisors LLC now owns 14,000 shares of the company’s stock worth $217,000 after buying an additional 8,900 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in CVR Energy during the first quarter worth about $290,000.
CVR Energy Inc. (NYSE:CVI) traded up 3.592% during mid-day trading on Wednesday, reaching $14.565. 305,282 shares of the company’s stock traded hands. The firm has a market cap of $1.26 billion, a PE ratio of 51.105 and a beta of 1.79. The firm has a 50 day moving average of $14.40 and a 200 day moving average of $18.19. CVR Energy Inc. has a 1-year low of $13.01 and a 1-year high of $48.37.
CVR Energy (NYSE:CVI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.27. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CVR Energy had a net margin of 0.54% and a return on equity of 5.84%. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Analysts forecast that CVR Energy Inc. will post $0.37 EPS for the current year.
A number of research firms recently issued reports on CVI. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th. Piper Jaffray Cos. raised their target price on shares of CVR Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, August 22nd.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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