Connor Clark & Lunn Investment Management Ltd. Buys Shares of 31,943 CVR Energy Inc. $CVI

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CVR Energy Inc. (NYSE:CVI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,943 shares of the oil and gas company’s stock, valued at approximately $858,000.

Several other institutional investors also recently modified their holdings of CVI. Amanah Holdings Trust acquired a new stake in shares of CVR Energy during the 2nd quarter valued at $17,996,000. Hotchkis & Wiley Capital Management LLC raised its position in CVR Energy by 26.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company’s stock valued at $11,394,000 after purchasing an additional 123,510 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 14.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock valued at $17,347,000 after purchasing an additional 111,114 shares in the last quarter. Nuveen LLC bought a new stake in shares of CVR Energy during the first quarter worth about $1,756,000. Finally, American Century Companies Inc. grew its holdings in shares of CVR Energy by 12.8% during the first quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company’s stock worth $15,171,000 after purchasing an additional 88,778 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CVI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of CVR Energy in a report on Thursday, November 13th. UBS Group set a $37.00 price target on shares of CVR Energy in a research note on Sunday, September 28th. Mizuho reiterated an “underperform” rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a report on Monday, September 15th. The Goldman Sachs Group increased their price objective on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd. Finally, Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Trading Up 1.5%

CVI opened at $36.84 on Wednesday. CVR Energy Inc. has a twelve month low of $15.10 and a twelve month high of $41.67. The company has a fifty day moving average of $35.77 and a 200-day moving average of $29.94. The stock has a market cap of $3.70 billion, a PE ratio of 22.46 and a beta of 1.21. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78.

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

CVR Energy 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.