International Assets Investment Management LLC Takes $382,000 Position in CVR Energy, Inc. (NYSE:CVI)

International Assets Investment Management LLC purchased a new stake in shares of CVR Energy, Inc. (NYSE:CVI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,605 shares of the oil and gas company’s stock, valued at approximately $382,000.

Several other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its stake in shares of CVR Energy by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 24,511 shares of the oil and gas company’s stock valued at $656,000 after buying an additional 530 shares during the period. Price T Rowe Associates Inc. MD grew its stake in CVR Energy by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,485 shares of the oil and gas company’s stock valued at $767,000 after purchasing an additional 990 shares during the last quarter. Quest Partners LLC grew its stake in CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the last quarter. Headlands Technologies LLC grew its stake in CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in CVR Energy by 27.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,799 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 1,692 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

Shares of NYSE CVI opened at $17.32 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The company has a market cap of $1.74 billion, a PE ratio of 23.73 and a beta of 1.52. The business has a 50-day simple moving average of $22.90 and a two-hundred day simple moving average of $25.77. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on CVI shares. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. cut their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, UBS Group lowered their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.75.

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.