CVR Energy Inc. $CVI Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 12.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 782,012 shares of the oil and gas company’s stock after buying an additional 88,778 shares during the period. American Century Companies Inc. owned 0.78% of CVR Energy worth $15,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its position in shares of CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,772 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of CVR Energy by 26.6% during the 1st quarter. Public Sector Pension Investment Board now owns 108,357 shares of the oil and gas company’s stock valued at $2,102,000 after buying an additional 22,798 shares during the last quarter. Nuveen LLC bought a new stake in shares of CVR Energy during the 1st quarter valued at about $1,756,000. Charles Schwab Investment Management Inc. grew its position in CVR Energy by 14.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock worth $17,347,000 after purchasing an additional 111,114 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in 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 worth $80,704,000 after purchasing an additional 24,677 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CVI shares. Raymond James Financial cut shares of CVR Energy from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 15th. Scotiabank upped their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a “sector underperform” rating in a research report on Friday, July 11th. Mizuho upped their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus price target of $22.25.

CVR Energy Trading Up 1.4%

Shares of NYSE:CVI opened at $27.2160 on Monday. The company has a 50 day moving average of $27.95 and a 200-day moving average of $22.93. The firm has a market cap of $2.74 billion, a P/E ratio of -8.20 and a beta of 1.20. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $32.67. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%.The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. As a group, analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal 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.