Two Sigma Advisers LP Has $11.79 Million Position in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Advisers LP decreased its holdings in CVR Energy, Inc. (NYSE:CVI) by 23.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 511,800 shares of the oil and gas company’s stock after selling 155,700 shares during the quarter. Two Sigma Advisers LP owned 0.51% of CVR Energy worth $11,787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC raised its position in CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,321 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $46,000. Larson Financial Group LLC raised its holdings in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after buying an additional 2,698 shares in the last quarter. Quest Partners LLC lifted its position in shares of CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after buying an additional 1,119 shares during the period. Finally, FMR LLC boosted its stake in CVR Energy by 103.4% in the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 2,049 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CVI has been the subject of several recent analyst reports. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Friday. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Scotiabank cut their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group decreased their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $24.00.

CVR Energy Price Performance

CVI opened at $19.46 on Tuesday. 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 company’s 50 day simple moving average is $20.69 and its 200-day simple moving average is $23.80. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The stock has a market capitalization of $1.96 billion, a P/E ratio of 28.20 and a beta of 1.57.

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 net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $1.89 earnings per share. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. Sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

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.