Allianz Asset Management GmbH Has $16.72 Million Position in CVR Energy Inc. $CVI

Allianz Asset Management GmbH lifted its position in shares of CVR Energy Inc. (NYSE:CVI) by 69.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,214 shares of the oil and gas company’s stock after purchasing an additional 187,620 shares during the period. Allianz Asset Management GmbH owned 0.46% of CVR Energy worth $16,716,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd bought a new position in shares of CVR Energy during the third quarter worth about $1,057,000. Maryland State Retirement & Pension System acquired a new stake in CVR Energy during the 2nd quarter valued at approximately $268,000. Russell Investments Group Ltd. increased its position in CVR Energy by 249.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 149,748 shares of the oil and gas company’s stock valued at $4,021,000 after purchasing an additional 106,854 shares during the period. Y Intercept Hong Kong Ltd bought a new position in CVR Energy during the 2nd quarter worth approximately $2,179,000. Finally, SG Americas Securities LLC acquired a new position in shares of CVR Energy in the 3rd quarter worth approximately $1,021,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CVI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. Finally, The Goldman Sachs Group upped their target price on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Stock Performance

NYSE CVI opened at $24.58 on Friday. The company has a market capitalization of $2.47 billion, a PE ratio of 14.99 and a beta of 1.16. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.28 and a current ratio of 1.96. CVR Energy Inc. has a 52-week low of $15.10 and a 52-week high of $41.67. The company has a 50-day simple moving average of $26.44 and a 200 day simple moving average of $30.59.

CVR Energy Company 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.