BlackRock Inc. Increases Holdings in CVR Energy, Inc. (CVI)

BlackRock Inc. raised its position in CVR Energy, Inc. (NYSE:CVI) by 25.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,427,502 shares of the oil and gas company’s stock after purchasing an additional 288,591 shares during the quarter. BlackRock Inc.’s holdings in CVR Energy were worth $57,413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CVI. Schwab Charles Investment Management Inc. raised its position in shares of CVR Energy by 7.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 288,334 shares of the oil and gas company’s stock worth $10,666,000 after acquiring an additional 20,034 shares during the last quarter. US Bancorp DE grew its stake in CVR Energy by 16.4% during the second quarter. US Bancorp DE now owns 13,143 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 1,849 shares during the period. Legal & General Group Plc grew its stake in CVR Energy by 127.2% during the second quarter. Legal & General Group Plc now owns 19,725 shares of the oil and gas company’s stock worth $730,000 after purchasing an additional 11,044 shares during the period. Raymond James & Associates acquired a new stake in CVR Energy during the second quarter worth approximately $336,000. Finally, Natixis acquired a new stake in CVR Energy during the second quarter worth approximately $8,003,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Shares of CVR Energy stock opened at $36.81 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.30 and a debt-to-equity ratio of 0.63. CVR Energy, Inc. has a 52 week low of $28.14 and a 52 week high of $47.67. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.13 and a beta of 1.25.



CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.11. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%. The firm had revenue of $1.94 billion during the quarter.

Several research firms recently commented on CVI. ValuEngine cut CVR Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Tudor Pickering began coverage on CVR Energy in a research note on Thursday, December 13th. They set a “hold” rating and a $40.00 target price for the company. Citigroup began coverage on CVR Energy in a research note on Wednesday, October 31st. They set a “buy” rating and a $48.00 target price for the company. Finally, Goldman Sachs Group cut CVR Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $45.00 in a research note on Tuesday, November 6th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.33.

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CVR Energy Profile

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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