CVR Energy, Inc. (NYSE:CVI) Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its stake in CVR Energy, Inc. (NYSE:CVI - Free Report) by 95.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,929 shares of the oil and gas company's stock after selling 255,934 shares during the period. Empowered Funds LLC's holdings in CVR Energy were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in CVR Energy by 820.5% in the second 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. Future Financial Wealth Managment LLC bought a new stake in CVR Energy in the 3rd quarter valued at about $46,000. Quest Partners LLC lifted its position in CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company's stock valued at $93,000 after purchasing an additional 1,119 shares during the last quarter. ProShare Advisors LLC acquired a new position in CVR Energy during the 1st quarter valued at about $213,000. Finally, Covestor Ltd grew its position in CVR Energy by 97.2% in the 3rd quarter. Covestor Ltd now owns 7,376 shares of the oil and gas company's stock worth $170,000 after purchasing an additional 3,635 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho cut their price target on CVR Energy from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 2nd. Scotiabank decreased their price target on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a research note on Thursday, October 10th. UBS Group cut their price objective on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. Finally, Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $24.75.

CVR Energy Price Performance

Shares of CVI traded down $0.14 during midday trading on Tuesday, reaching $19.14. The stock had a trading volume of 1,140,154 shares, compared to its average volume of 1,138,084. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company has a market capitalization of $1.92 billion, a P/E ratio of 27.74 and a beta of 1.52. The firm's 50 day moving average price is $21.55 and its 200-day moving average price is $24.52. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $1.89 earnings per share. CVR Energy's revenue was down 27.3% compared to the same quarter last year. On average, analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal 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.