SG Americas Securities LLC Purchases Shares of 27,975 CVR Energy Inc. $CVI

SG Americas Securities LLC purchased a new stake in CVR Energy Inc. (NYSE:CVI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,975 shares of the oil and gas company’s stock, valued at approximately $1,021,000.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE grew its holdings in CVR Energy by 50.2% in the 2nd quarter. Bank of America Corp DE now owns 351,092 shares of the oil and gas company’s stock valued at $9,427,000 after buying an additional 117,305 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of CVR Energy by 249.1% in the second quarter. Russell Investments Group Ltd. now owns 149,748 shares of the oil and gas company’s stock valued at $4,021,000 after acquiring an additional 106,854 shares during the period. Norges Bank acquired a new stake in shares of CVR Energy in the second quarter worth $2,770,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of CVR Energy in the second quarter worth $2,179,000. Finally, Icon Advisers Inc. Co. acquired a new position in CVR Energy during the 2nd quarter valued at $2,121,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

CVI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. The Goldman Sachs Group lifted their target price on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. Finally, UBS Group set a $37.00 target price on CVR Energy in a report on Sunday, September 28th. Two analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy currently has a consensus rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Stock Down 4.1%

NYSE CVI opened at $23.30 on Monday. The stock’s 50 day simple moving average is $30.12 and its 200 day simple moving average is $31.30. CVR Energy Inc. has a one year low of $15.10 and a one year high of $41.67. The firm has a market cap of $2.34 billion, a PE ratio of 14.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.20. CVR Energy had a negative return on equity of 6.43% and a net margin of 2.26%.The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

CVR Energy Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.