Advisors Asset Management Inc. Buys 95,371 Shares of CVR Energy, Inc. (NYSE:CVI)

Advisors Asset Management Inc. grew its stake in CVR Energy, Inc. (NYSE:CVI - Free Report) by 37.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 352,075 shares of the oil and gas company's stock after purchasing an additional 95,371 shares during the period. Advisors Asset Management Inc. owned approximately 0.35% of CVR Energy worth $8,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CVI. ProShare Advisors LLC bought a new stake in shares of CVR Energy in the 1st quarter valued at approximately $213,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of CVR Energy by 36.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,516 shares of the oil and gas company's stock worth $377,000 after acquiring an additional 3,050 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CVR Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company's stock worth $143,379,000 after acquiring an additional 85,773 shares in the last quarter. Covestor Ltd boosted its holdings in shares of CVR Energy by 45,560.0% in the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company's stock worth $81,000 after acquiring an additional 2,278 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of CVR Energy in the 1st quarter worth approximately $333,000. 98.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVI has been the topic of several recent analyst reports. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a "hold" rating to a "sell" rating in a report on Monday, September 9th. UBS Group reduced their target price on CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their price objective on CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Wednesday, October 2nd. Scotiabank reduced their price objective on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a report on Thursday, October 10th. Finally, Tudor Pickering raised CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat, CVR Energy currently has a consensus rating of "Reduce" and a consensus price target of $24.75.

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $18.70 on Thursday. The firm has a fifty day moving average of $21.74 and a two-hundred day moving average of $24.78. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 27.10 and a beta of 1.52. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.41). The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. CVR Energy's quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. As a group, equities research analysts predict that CVR Energy, Inc. will post 0.12 EPS for the current year.

About CVR Energy

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.

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