Barclays PLC Grows Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Barclays PLC grew its position in CVR Energy, Inc. (NYSE:CVI) by 214.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 78,030 shares of the oil and gas company’s stock after purchasing an additional 53,203 shares during the period. Barclays PLC’s holdings in CVR Energy were worth $1,797,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of CVR Energy by 14.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after purchasing an additional 81,590 shares during the period. Royce & Associates LP lifted its holdings in shares of CVR Energy by 58.1% during the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock worth $2,327,000 after purchasing an additional 37,130 shares during the period. State Street Corp boosted its position in CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in CVR Energy in the 3rd quarter worth approximately $5,335,000. Finally, Advisors Asset Management Inc. increased its holdings in CVR Energy by 37.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock worth $8,108,000 after buying an additional 95,371 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $18.47 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The stock has a market capitalization of $1.86 billion, a P/E ratio of 26.77 and a beta of 1.57. The business has a 50 day simple moving average of $19.07 and a two-hundred day simple moving average of $22.95.

CVR Energy (NYSE:CVI) last posted its quarterly 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 company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. CVR Energy’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. As a group, analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CVI. Scotiabank cut their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. StockNews.com downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. JPMorgan Chase & Co. decreased their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group cut their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $23.00.

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.