Y Intercept Hong Kong Ltd Trims Position in CVR Energy Inc. $CVI

Y Intercept Hong Kong Ltd cut its stake in CVR Energy Inc. (NYSE:CVI) by 31.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,436 shares of the oil and gas company’s stock after selling 25,714 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of CVR Energy worth $2,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CVI. Wealth Enhancement Advisory Services LLC bought a new position in CVR Energy in the second quarter worth $248,000. Maryland State Retirement & Pension System purchased a new stake in shares of CVR Energy in the 2nd quarter worth about $268,000. Bayforest Capital Ltd bought a new position in shares of CVR Energy in the 3rd quarter worth about $1,057,000. Highland Capital Management LLC purchased a new position in CVR Energy during the 2nd quarter valued at about $384,000. Finally, Allianz Asset Management GmbH boosted its stake in CVR Energy by 16.8% during the second quarter. Allianz Asset Management GmbH now owns 270,594 shares of the oil and gas company’s stock worth $7,265,000 after acquiring an additional 38,890 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CVI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group increased their target price on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Stock Down 0.3%

CVR Energy stock opened at $22.00 on Thursday. CVR Energy Inc. has a 12 month low of $15.10 and a 12 month high of $41.67. The stock has a fifty day simple moving average of $28.00 and a two-hundred day simple moving average of $30.88. The company has a current ratio of 1.96, a quick ratio of 1.28 and a debt-to-equity ratio of 1.76. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 13.42 and a beta of 1.14.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.20. CVR Energy had a negative return on equity of 6.43% and a net margin of 2.26%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted ($0.50) earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.