Barclays PLC Raises Holdings in CVR Energy, Inc. (NYSE:CVI)

Barclays PLC lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 214.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,030 shares of the oil and gas company’s stock after purchasing an additional 53,203 shares during the period. Barclays PLC owned about 0.08% of CVR Energy worth $1,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC grew its stake in CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 1,321 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy in the 3rd quarter valued at $46,000. Larson Financial Group LLC boosted its holdings in shares of 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 valued at $72,000 after purchasing an additional 2,698 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of CVR Energy by 47.3% in the 2nd 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. Finally, FMR LLC lifted its holdings in shares of CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 2,049 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $18.47 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. The firm has a 50-day simple moving average of $19.07 and a 200 day simple moving average of $22.95. The company has a market cap of $1.86 billion, a PE ratio of 26.77 and a beta of 1.57.

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 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 earned $1.89 EPS. CVR Energy’s quarterly revenue was down 27.3% on a year-over-year basis. On average, sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. JPMorgan Chase & Co. cut their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of “Reduce” and a consensus 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.