AlphaQuest LLC Has $142,000 Position in CVR Energy Inc. $CVI

AlphaQuest LLC increased its position in shares of CVR Energy Inc. (NYSE:CVI) by 600.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,287 shares of the oil and gas company’s stock after purchasing an additional 4,532 shares during the period. AlphaQuest LLC’s holdings in CVR Energy were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. SummerHaven Investment Management LLC lifted its holdings in shares of CVR Energy by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 32,465 shares of the oil and gas company’s stock worth $872,000 after buying an additional 758 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CVR Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock worth $394,000 after purchasing an additional 858 shares in the last quarter. Matrix Trust Co acquired a new stake in CVR Energy in the 2nd quarter worth about $26,000. GAMMA Investing LLC raised its stake in CVR Energy by 106.6% in the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 1,114 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in CVR Energy by 7.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,351 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

CVI has been the subject of a number of analyst reports. Mizuho reiterated an “underperform” rating and issued a $29.00 price target (up from $27.00) on shares of CVR Energy in a research report on Monday, September 15th. Raymond James Financial cut CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. UBS Group set a $37.00 price objective on CVR Energy in a report on Sunday, September 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CVR Energy in a research note on Wednesday, October 8th. Finally, Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy has a consensus rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Price Performance

CVR Energy stock opened at $36.81 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17. CVR Energy Inc. has a 52 week low of $15.10 and a 52 week high of $41.67. The stock has a market capitalization of $3.70 billion, a P/E ratio of 22.45 and a beta of 1.25. The stock has a fifty day moving average of $34.46 and a 200-day moving average of $28.55.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. The business had revenue of $1.76 billion for the quarter. CVR Energy had a negative return on equity of 6.98% and a net margin of 2.26%. On average, sell-side analysts expect that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal 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.