CVR Energy Inc. $CVI Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in CVR Energy Inc. (NYSE:CVI) by 31.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 147,128 shares of the oil and gas company’s stock after selling 66,589 shares during the quarter. Advisors Asset Management Inc. owned about 0.15% of CVR Energy worth $5,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CVI. Raymond James Financial Inc. acquired a new position in CVR Energy in the second quarter valued at approximately $53,000. BNP Paribas Financial Markets raised its holdings in CVR Energy by 48.0% during the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 1,178 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of CVR Energy during the 2nd quarter worth approximately $114,000. AlphaQuest LLC boosted its holdings in shares of CVR Energy by 600.3% in the 2nd quarter. AlphaQuest LLC now owns 5,287 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 4,532 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of CVR Energy by 432.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,846 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 5,560 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Down 6.7%

CVI stock opened at $22.79 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of 13.90 and a beta of 1.16. The company has a fifty day moving average of $25.60 and a 200-day moving average of $30.47. 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 one year low of $15.10 and a one year high of $41.67.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CVI. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their target price on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average price target of $29.25.

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.