Victory Capital Management Inc. Raises Holdings in CVR Energy, Inc. (NYSE:CVI)

Victory Capital Management Inc. boosted its holdings in CVR Energy, Inc. (NYSE:CVI) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,969 shares of the oil and gas company’s stock after buying an additional 23,952 shares during the period. Victory Capital Management Inc. owned approximately 0.35% of CVR Energy worth $8,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CVR Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock worth $143,379,000 after acquiring an additional 85,773 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in CVR Energy by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company’s stock worth $55,476,000 after purchasing an additional 44,636 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 3,134 shares in the last quarter. SIR Capital Management L.P. bought a new position in shares of CVR Energy during the second quarter valued at approximately $17,907,000. Finally, American Century Companies Inc. grew its stake in shares of CVR Energy by 60.3% in the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock worth $10,917,000 after acquiring an additional 153,396 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Trading Up 0.7 %

CVI stock opened at $18.83 on Friday. The company has a market capitalization of $1.89 billion, a PE ratio of 27.28 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The firm’s 50-day moving average is $21.69 and its 200 day moving average is $24.74.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CVI shares. Mizuho dropped their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. decreased their target price on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 2nd. UBS Group dropped their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Five 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.com, CVR Energy has a consensus rating of “Reduce” and a consensus target price of $24.75.

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.