Neo Ivy Capital Management Acquires New Position in CVR Energy Inc. $CVI

Neo Ivy Capital Management bought a new position in CVR Energy Inc. (NYSE:CVI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 24,619 shares of the oil and gas company’s stock, valued at approximately $661,000.

Several other institutional investors also recently bought and sold shares of CVI. JPMorgan Chase & Co. grew its position in shares of CVR Energy by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after purchasing an additional 69,726 shares during the period. Intech Investment Management LLC boosted its holdings in shares of CVR Energy by 10.7% in the 2nd quarter. Intech Investment Management LLC now owns 19,735 shares of the oil and gas company’s stock valued at $530,000 after purchasing an additional 1,905 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of CVR Energy during the 2nd quarter valued at $236,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CVR Energy during the 2nd quarter worth $858,000. Finally, Bank of Montreal Can raised its position in shares of CVR Energy by 9.2% in the 2nd quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock worth $299,000 after buying an additional 941 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Trading Up 0.5%

CVI opened at $34.53 on Friday. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $41.67. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. The stock has a market capitalization of $3.47 billion, a PE ratio of 21.05 and a beta of 1.21. The firm’s fifty day moving average price is $35.97 and its 200 day moving average price is $30.11.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. CVR Energy had a negative return on equity of 6.98% and a net margin of 2.26%.The firm had revenue of $1.76 billion for the quarter. As a group, research analysts expect that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

CVI has been the subject of a number of research reports. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. Zacks Research raised CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $29.25.

CVR Energy 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.