New York State Teachers Retirement System Cuts Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

New York State Teachers Retirement System cut its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,412 shares of the oil and gas company’s stock after selling 1,197 shares during the period. New York State Teachers Retirement System’s holdings in CVR Energy were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CVI. Allspring Global Investments Holdings LLC boosted its holdings in CVR Energy by 41.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,019 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 3,213 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of CVR Energy in the 1st quarter worth about $449,000. ProShare Advisors LLC acquired a new position in shares of CVR Energy in the 1st quarter valued at about $213,000. Entropy Technologies LP grew its holdings in shares of CVR Energy by 112.8% during the 1st quarter. Entropy Technologies LP now owns 19,789 shares of the oil and gas company’s stock worth $706,000 after purchasing an additional 10,488 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in CVR Energy by 36.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,516 shares of the oil and gas company’s stock worth $377,000 after purchasing an additional 3,050 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Price Performance

Shares of CVI stock opened at $18.46 on Monday. The firm has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $25.43. The company has a market capitalization of $1.86 billion, a PE ratio of 26.75 and a beta of 1.52. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84.

CVR Energy (NYSE:CVI) last posted 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 firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The business’s quarterly revenue was down 27.3% on a year-over-year basis. Equities research analysts anticipate that CVR Energy, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho reduced their price target on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Scotiabank decreased their price target on shares of 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. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Five equities research 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 an average price target of $24.75.

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.