CVR Energy Inc. $CVI Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in CVR Energy Inc. (NYSE:CVI) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 894,193 shares of the oil and gas company’s stock after purchasing an additional 111,114 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of CVR Energy worth $17,347,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of CVR Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock valued at $80,704,000 after purchasing an additional 24,677 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CVR Energy by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after acquiring an additional 238,081 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of CVR Energy by 36.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock valued at $14,548,000 after acquiring an additional 207,872 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of CVR Energy by 56.2% during the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after buying an additional 269,763 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of CVR Energy by 38.6% during the 4th quarter. Ameriprise Financial Inc. now owns 732,452 shares of the oil and gas company’s stock worth $13,726,000 after buying an additional 204,101 shares in the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Price Performance

CVI stock opened at $27.2160 on Friday. CVR Energy Inc. has a 52-week low of $15.10 and a 52-week high of $32.67. The stock’s fifty day simple moving average is $27.95 and its 200-day simple moving average is $22.88. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -8.20 and a beta of 1.20.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts expect that CVR Energy Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVI. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Scotiabank increased their target price on CVR Energy from $21.00 to $25.00 and gave the stock a “sector underperform” rating in a research note on Friday, July 11th. Mizuho increased 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, Raymond James Financial downgraded CVR Energy from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat, CVR Energy has a consensus rating of “Strong Sell” and an average price target of $22.25.

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.