Barclays PLC Purchases 53,203 Shares of CVR Energy, Inc. (NYSE:CVI)

Barclays PLC raised its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 214.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,030 shares of the oil and gas company’s stock after buying an additional 53,203 shares during the period. Barclays PLC owned about 0.08% of CVR Energy worth $1,797,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of CVR Energy during the third quarter valued at about $1,302,000. State Street Corp grew its stake in CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after purchasing an additional 317,475 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in CVR Energy in the third quarter worth $5,335,000. Holocene Advisors LP lifted its position in CVR Energy by 134.1% during the third quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company’s stock valued at $4,139,000 after buying an additional 102,935 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of CVR Energy during the 3rd quarter valued at $545,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $18.47 on Friday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 26.77 and a beta of 1.57. 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 stock has a 50 day moving average price of $19.07 and a 200-day moving average price of $22.95. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07.

CVR Energy (NYSE:CVI) last released its 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). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s quarterly revenue was down 27.3% compared to the same quarter last year. Equities analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

CVI has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. reduced their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Scotiabank lowered their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy 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.