Capital Fund Management S.A. decreased its stake in shares of CVR Energy Inc. (NYSE:CVI) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 123,421 shares of the company’s stock after selling 7,647 shares during the period. Capital Fund Management S.A.’s holdings in CVR Energy were worth $1,913,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. TIAA CREF Investment Management LLC raised its stake in shares of CVR Energy by 109.3% in the first quarter. TIAA CREF Investment Management LLC now owns 348,050 shares of the company’s stock valued at $9,084,000 after buying an additional 181,757 shares during the period. UBS Group AG raised its stake in shares of CVR Energy by 4,045.8% in the first quarter. UBS Group AG now owns 184,364 shares of the company’s stock valued at $4,812,000 after buying an additional 179,917 shares during the period. Geode Capital Management LLC raised its stake in shares of CVR Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 121,279 shares of the company’s stock valued at $3,164,000 after buying an additional 3,213 shares during the period. Nuveen Asset Management LLC raised its stake in shares of CVR Energy by 18.6% in the first quarter. Nuveen Asset Management LLC now owns 82,776 shares of the company’s stock valued at $2,160,000 after buying an additional 12,976 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of CVR Energy during the first quarter valued at about $2,057,000.
CVR Energy Inc. (NYSE:CVI) traded down 2.81% during midday trading on Thursday, hitting $14.16. The stock had a trading volume of 480,059 shares. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $18.16. The company has a market capitalization of $1.23 billion, a PE ratio of 49.68 and a beta of 1.79. CVR Energy Inc. has a 1-year low of $13.01 and a 1-year high of $48.37.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.27. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.15 billion. CVR Energy had a net margin of 0.54% and a return on equity of 5.84%. CVR Energy’s revenue was down 21.0% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Equities research analysts forecast that CVR Energy Inc. will post $0.37 EPS for the current year.
Several brokerages have issued reports on CVI. Goldman Sachs Group Inc. raised CVR Energy from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Thursday, September 8th. Piper Jaffray Cos. lifted their price target on CVR Energy from $9.00 to $10.00 and gave the stock 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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