Covestor Ltd Has $170,000 Position in CVR Energy, Inc. (NYSE:CVI)

Covestor Ltd grew its position in shares of CVR Energy, Inc. (NYSE:CVI) by 97.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,376 shares of the oil and gas company’s stock after purchasing an additional 3,635 shares during the quarter. Covestor Ltd’s holdings in CVR Energy were worth $170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVI. Headlands Technologies LLC boosted its position in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,321 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the third quarter valued at $46,000. Quest Partners LLC lifted its holdings in shares of CVR Energy by 47.3% during the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 1,119 shares during the period. DRW Securities LLC bought a new stake in shares of CVR Energy in the second quarter worth $202,000. Finally, Hsbc Holdings PLC acquired a new stake in CVR Energy in the second quarter valued at $208,000. 98.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVI. Scotiabank cut their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Mizuho lowered their target price on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $24.75.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $18.46 on Monday. The firm has a market capitalization of $1.86 billion, a PE ratio of 26.75 and a beta of 1.52. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $25.43. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. During the same period in the previous year, the firm earned $1.89 EPS. The company’s revenue was down 27.3% compared to the same quarter last year. Equities 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.