Charles Schwab Investment Management Inc. Buys 81,590 Shares of CVR Energy, Inc. (NYSE:CVI)

Charles Schwab Investment Management Inc. boosted its stake in CVR Energy, Inc. (NYSE:CVI) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 639,138 shares of the oil and gas company’s stock after buying an additional 81,590 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of CVR Energy worth $14,719,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in CVR Energy by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,485 shares of the oil and gas company’s stock worth $767,000 after buying an additional 990 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of CVR Energy during the second quarter worth approximately $221,000. Neo Ivy Capital Management bought a new stake in shares of CVR Energy during the second quarter valued at approximately $2,484,000. SummerHaven Investment Management LLC increased its holdings in shares of CVR Energy by 2.2% in 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 purchasing an additional 530 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in CVR Energy by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock worth $26,109,000 after purchasing an additional 3,134 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Stock Performance

CVI opened at $18.78 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. CVR Energy, Inc. has a 52-week low of $15.60 and a 52-week high of $38.07. The firm has a market cap of $1.89 billion, a P/E ratio of 27.22 and a beta of 1.57. The business’s fifty day moving average is $20.76 and its 200-day moving average is $23.92.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results 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%. CVR Energy’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. Sell-side analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CVI. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group reduced their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday. UBS Group lowered their target price on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Tudor Pickering raised CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, CVR Energy presently has an average rating of “Reduce” and a consensus target price of $24.00.

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.