Harbor Capital Advisors Inc. Has $32,000 Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Harbor Capital Advisors Inc. raised its stake in CVR Energy, Inc. (NYSE:CVI) by 65.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,633 shares of the oil and gas company’s stock after purchasing an additional 646 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in CVR Energy were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CVI. Empowered Funds LLC grew its stake in CVR Energy by 65.5% in the fourth quarter. Empowered Funds LLC now owns 19,737 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 7,808 shares in the last quarter. New York State Teachers Retirement System grew its stake in CVR Energy by 11.3% in the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers grew its stake in CVR Energy by 1.3% in the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company’s stock valued at $2,156,000 after purchasing an additional 1,479 shares in the last quarter. Congress Asset Management Co. grew its stake in CVR Energy by 8.0% in the fourth quarter. Congress Asset Management Co. now owns 84,626 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 6,237 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of CVR Energy by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 166,674 shares of the oil and gas company’s stock worth $3,123,000 after acquiring an additional 4,830 shares during the period. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Price Performance

Shares of NYSE CVI opened at $27.71 on Tuesday. The stock has a market capitalization of $2.79 billion, a PE ratio of 461.91 and a beta of 1.13. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The business has a fifty day moving average price of $21.49 and a two-hundred day moving average price of $19.97. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $29.84.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.32. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. As a group, equities analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 244,200 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $16.11 per share, with a total value of $3,934,062.00. Following the acquisition, the insider now owns 69,107,178 shares of the company’s stock, valued at approximately $1,113,316,637.58. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 1,027,432 shares of company stock valued at $17,618,998 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a research note on Monday, May 5th. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Mizuho lifted their target price on CVR Energy from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $23.00.

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.