CVR Energy, Inc. (NYSE:CVI) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 9.6% during the third quarter, HoldingsChannel.com reports. The firm owned 9,716 shares of the oil and gas company’s stock after purchasing an additional 849 shares during the period. Amalgamated Bank’s holdings in CVR Energy were worth $224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of CVR Energy by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock worth $143,379,000 after purchasing an additional 85,773 shares during the period. Neo Ivy Capital Management acquired a new position in shares of CVR Energy during the 2nd quarter worth $2,484,000. Millennium Management LLC acquired a new position in shares of CVR Energy during the 2nd quarter worth $2,889,000. Caxton Associates LP acquired a new position in shares of CVR Energy during the 1st quarter worth $1,145,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of CVR Energy during the 1st quarter worth $333,000. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Stock Performance

NYSE:CVI opened at $18.82 on Monday. The firm has a 50 day simple moving average of $21.92 and a 200-day simple moving average of $24.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market cap of $1.89 billion, a PE ratio of 27.28 and a beta of 1.52. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07.

CVR Energy (NYSE:CVI) last released its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue was down 27.3% on a year-over-year basis. On average, equities analysts expect that CVR Energy, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CVI. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. UBS Group lowered their price objective on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Mizuho lowered their price objective on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $24.75.

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.