CVR Energy, Inc. (NYSE:CVI) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CVR Energy, Inc. (NYSE:CVI) by 18.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,247 shares of the oil and gas company’s stock after buying an additional 9,247 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of CVR Energy worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Headlands Technologies LLC raised its holdings in CVR Energy by 820.5% during the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 1,321 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy in the 3rd quarter valued at approximately $46,000. Larson Financial Group LLC lifted its holdings in CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 2,698 shares during the last quarter. Quest Partners LLC boosted its position in CVR Energy by 47.3% during the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 1,119 shares during the period. Finally, FMR LLC grew its holdings in CVR Energy by 103.4% during the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 2,049 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CVI has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Friday, December 6th. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Scotiabank cut their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a research report on Thursday, October 10th. Finally, Mizuho increased their target price on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Down 0.2 %

Shares of CVI opened at $18.50 on Wednesday. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The firm has a market capitalization of $1.86 billion, a P/E ratio of 26.80 and a beta of 1.57. The company has a 50-day simple moving average of $20.06 and a 200-day simple moving average of $23.39. 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 (NYSE:CVI) last announced its quarterly earnings data 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). The firm 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 revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, equities research analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

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.