Swiss National Bank Trims Stock Position in CVR Energy Inc. $CVI

Swiss National Bank lowered its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,200 shares of the oil and gas company’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned approximately 0.07% of CVR Energy worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of CVR Energy by 291.8% during the 4th quarter. NewEdge Advisors LLC now owns 17,747 shares of the oil and gas company’s stock valued at $333,000 after acquiring an additional 13,217 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of CVR Energy by 12.3% during the 4th 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 during the period. MetLife Investment Management LLC grew its stake in shares of CVR Energy by 13.6% during the 4th quarter. MetLife Investment Management LLC now owns 22,483 shares of the oil and gas company’s stock valued at $421,000 after acquiring an additional 2,691 shares during the period. IHT Wealth Management LLC grew its stake in shares of CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,275 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of CVR Energy by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,111 shares of the oil and gas company’s stock valued at $490,000 after acquiring an additional 1,903 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages 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. Raymond James Financial downgraded CVR Energy from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 15th. Scotiabank boosted their price objective on CVR Energy from $21.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Friday, July 11th. Finally, Mizuho boosted their price objective on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average price target of $22.25.

CVR Energy Trading Up 4.1%

CVI stock opened at $28.3890 on Tuesday. CVR Energy Inc. has a 1-year low of $15.10 and a 1-year high of $32.67. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -8.55 and a beta of 1.20. The business has a 50 day simple moving average of $27.97 and a two-hundred day simple moving average of $23.00.

CVR Energy (NYSE:CVI) last posted its quarterly 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). CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%.The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts anticipate that CVR Energy Inc. will post -0.12 EPS 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.