Cwm LLC Increases Stake in CVR Energy Inc. (NYSE:CVI)

Cwm LLC lifted its stake in shares of CVR Energy Inc. (NYSE:CVI) by 304.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,676 shares of the oil and gas company’s stock after buying an additional 2,014 shares during the quarter. Cwm LLC’s holdings in CVR Energy were worth $52,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CVI. GAMMA Investing LLC raised its position in shares of CVR Energy by 106.6% during the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 1,114 shares in the last quarter. Vanguard Group Inc. raised its holdings in CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock worth $77,496,000 after purchasing an additional 154,125 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock worth $32,000 after buying an additional 646 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of CVR Energy by 1,203.0% in the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company’s stock valued at $5,362,000 after buying an additional 264,143 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CVR Energy in the 4th quarter valued at $2,311,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Price Performance

Shares of CVI opened at $25.07 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.85 and a current ratio of 1.32. CVR Energy Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $32.67. The firm has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $22.25. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -7.55 and a beta of 1.20.

CVR Energy (NYSE:CVI) last announced its earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 17.18%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities research analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CVI shares. Scotiabank boosted their price target on shares of CVR Energy from $21.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Friday, July 11th. Raymond James Financial downgraded CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, Mizuho lifted their price target on CVR Energy from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $23.80.

About CVR Energy

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.