State Street Corp Has $47.79 Million Position in CVR Energy, Inc. (NYSE:CVI)

State Street Corp lifted its position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,075,058 shares of the oil and gas company's stock after purchasing an additional 317,475 shares during the period. State Street Corp owned about 2.06% of CVR Energy worth $47,789,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank boosted its holdings in CVR Energy by 9.6% in the third quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company's stock valued at $224,000 after purchasing an additional 849 shares during the last quarter. Quest Partners LLC boosted its stake in shares of CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company's stock valued at $93,000 after buying an additional 1,119 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock valued at $40,000 after buying an additional 1,321 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of CVR Energy by 27.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,799 shares of the oil and gas company's stock worth $209,000 after buying an additional 1,692 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of CVR Energy by 12.2% in the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the oil and gas company's stock worth $380,000 after buying an additional 1,800 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Stock Up 0.3 %

Shares of CVR Energy stock traded up $0.06 during midday trading on Friday, hitting $18.01. The company's stock had a trading volume of 10,303,712 shares, compared to its average volume of 1,191,992. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $1.81 billion, a P/E ratio of 26.10 and a beta of 1.57. The stock has a 50-day simple moving average of $19.80 and a 200-day simple moving average of $23.31.

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) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The firm's quarterly revenue was down 27.3% compared to the same quarter last year. As a group, sell-side analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Wednesday, October 2nd. Tudor Pickering raised shares of CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. The Goldman Sachs Group decreased their target price on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. Finally, Scotiabank dropped their price target on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a research report on Thursday, October 10th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat, CVR Energy presently has an average rating of "Reduce" and an average 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.