BNP Paribas Financial Markets Sells 25,115 Shares of CVR Energy, Inc. (NYSE:CVI)

BNP Paribas Financial Markets reduced its position in shares of CVR Energy, Inc. (NYSE:CVI) by 61.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,965 shares of the oil and gas company’s stock after selling 25,115 shares during the period. BNP Paribas Financial Markets’ holdings in CVR Energy were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC grew its holdings in shares of 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 worth $40,000 after purchasing an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy during the third quarter worth about $46,000. Larson Financial Group LLC grew its holdings in shares of CVR Energy by 640.9% during the third 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 grew its holdings in shares of 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 last quarter. Finally, FMR LLC grew its holdings in shares of CVR Energy by 103.4% during the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 2,049 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CVI has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. StockNews.com cut CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank reduced their target price on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Finally, Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Six research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $24.00.

CVR Energy Price Performance

Shares of CVI opened at $18.91 on Friday. CVR Energy, Inc. has a 52-week low of $15.60 and a 52-week high of $38.07. 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 business’s 50 day moving average price is $20.30 and its two-hundred day moving average price is $23.55. The firm has a market cap of $1.90 billion, a PE ratio of 27.41 and a beta of 1.57.

CVR Energy (NYSE:CVI) last issued 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 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 company earned $1.89 earnings per share. On average, equities analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current year.

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.