Barclays PLC Buys 53,203 Shares of CVR Energy, Inc. (NYSE:CVI)

Barclays PLC boosted its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 214.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,030 shares of the oil and gas company's stock after acquiring an additional 53,203 shares during the quarter. Barclays PLC owned 0.08% of CVR Energy worth $1,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SIR Capital Management L.P. acquired a new position in shares of CVR Energy in the second quarter worth $17,907,000. State Street Corp grew its position in CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after acquiring an additional 317,475 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in CVR Energy during the third quarter worth $5,335,000. American Century Companies Inc. increased its holdings in shares of CVR Energy by 60.3% during the 2nd quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company's stock valued at $10,917,000 after acquiring an additional 153,396 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of CVR Energy by 323.6% in the 2nd quarter. Denali Advisors LLC now owns 159,162 shares of the oil and gas company's stock valued at $4,261,000 after acquiring an additional 121,590 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

CVR Energy Stock Performance

Shares of NYSE CVI traded up $0.18 during mid-day trading on Friday, hitting $18.47. The company had a trading volume of 1,167,753 shares, compared to its average volume of 1,194,008. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The firm has a market cap of $1.86 billion, a P/E ratio of 26.77 and a beta of 1.57. The business's 50-day simple moving average is $19.07 and its 200-day simple moving average is $22.92. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI - Get Free Report) last announced 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 return on equity of 2.88% and a net margin of 0.89%. CVR Energy's revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. As a group, analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on CVI shares. Tudor Pickering upgraded CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Mizuho lifted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. StockNews.com lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Saturday, December 14th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group cut their price objective on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $23.00.

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.