Caitong International Asset Management Co. Ltd Has $38,000 Holdings in CVR Energy Inc. $CVI

Caitong International Asset Management Co. Ltd raised its holdings in CVR Energy Inc. (NYSE:CVI) by 1,030.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,944 shares of the oil and gas company’s stock after acquiring an additional 1,772 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in CVR Energy were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in CVR Energy by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock valued at $80,704,000 after acquiring an additional 24,677 shares during the last quarter. Dimensional Fund Advisors LP grew its position in CVR Energy by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after acquiring an additional 238,081 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CVR Energy by 14.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock valued at $17,347,000 after acquiring an additional 111,114 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in CVR Energy by 36.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock valued at $14,548,000 after acquiring an additional 207,872 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in CVR Energy by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company’s stock valued at $14,513,000 after acquiring an additional 3,261 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CVI. Mizuho lifted their target price on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Raymond James Financial cut CVR Energy from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 15th. Wall Street Zen cut CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Finally, Scotiabank boosted their price target on CVR Energy from $21.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $22.25.

CVR Energy Stock Performance

NYSE:CVI opened at $27.05 on Monday. The stock has a market cap of $2.72 billion, a P/E ratio of -8.15 and a beta of 1.20. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. The stock’s 50-day moving average is $27.75 and its 200-day moving average is $22.64. CVR Energy Inc. has a 1-year low of $15.10 and a 1-year high of $32.67.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Equities research analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current 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.