CVR Energy, Inc. (CVI) Position Increased by BlackRock Inc.

BlackRock Inc. increased its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,427,502 shares of the oil and gas company’s stock after buying an additional 288,591 shares during the quarter. BlackRock Inc. owned 1.42% of CVR Energy worth $57,413,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its position in shares of CVR Energy by 10.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 12,941 shares of the oil and gas company’s stock worth $520,000 after buying an additional 1,206 shares during the last quarter. Vident Investment Advisory LLC lifted its position in shares of CVR Energy by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 96,187 shares of the oil and gas company’s stock worth $3,558,000 after buying an additional 1,440 shares during the last quarter. US Bancorp DE lifted its position in shares of CVR Energy by 16.4% during the 2nd quarter. US Bancorp DE now owns 13,143 shares of the oil and gas company’s stock worth $486,000 after buying an additional 1,849 shares during the last quarter. Meeder Asset Management Inc. raised its position in CVR Energy by 39.3% in the third quarter. Meeder Asset Management Inc. now owns 7,566 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in CVR Energy in the third quarter valued at about $102,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

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. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.13 and a beta of 1.25. CVR Energy, Inc. has a 12 month low of $28.14 and a 12 month high of $47.67.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.94 billion during the quarter.

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

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CVR Energy Company 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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