Deutsche Bank AG Cuts Stock Holdings in CVR Energy Inc. $CVI

Deutsche Bank AG trimmed its stake in shares of CVR Energy Inc. (NYSE:CVI) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,393 shares of the oil and gas company’s stock after selling 2,816 shares during the period. Deutsche Bank AG’s holdings in CVR Energy were worth $512,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CVI. Two Sigma Investments LP grew its stake in CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock valued at $14,059,000 after acquiring an additional 269,763 shares in the last quarter. Millennium Management LLC lifted its position in CVR Energy by 1,203.0% during the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company’s stock valued at $5,362,000 after purchasing an additional 264,143 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CVR Energy by 12.3% during 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 purchasing an additional 238,081 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in CVR Energy by 36.6% during 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 purchasing an additional 207,872 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in CVR Energy by 38.6% during the fourth quarter. Ameriprise Financial Inc. now owns 732,452 shares of the oil and gas company’s stock valued at $13,726,000 after purchasing an additional 204,101 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

CVR Energy Price Performance

CVR Energy stock opened at $29.61 on Thursday. The firm has a 50-day moving average price of $28.01 and a 200-day moving average price of $23.12. The firm has a market capitalization of $2.98 billion, a PE ratio of -8.92 and a beta of 1.20. 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 Inc. has a 12-month low of $15.10 and a 12-month high of $32.67.

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

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.