Geode Capital Management LLC Decreases Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Geode Capital Management LLC decreased its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 770,986 shares of the oil and gas company's stock after selling 32,678 shares during the period. Geode Capital Management LLC owned about 0.77% of CVR Energy worth $17,759,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after acquiring an additional 81,590 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of CVR Energy by 58.1% in the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company's stock valued at $2,327,000 after purchasing an additional 37,130 shares in the last quarter. State Street Corp grew its position in shares of 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 valued at $47,789,000 after purchasing an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Energy in the third quarter valued at approximately $5,335,000. Finally, Advisors Asset Management Inc. increased its stake in shares of CVR Energy by 37.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company's stock worth $8,108,000 after purchasing an additional 95,371 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

CVR Energy Trading Up 1.0 %

CVR Energy stock traded up $0.18 during trading on Friday, hitting $18.47. The company's stock had a trading volume of 1,167,753 shares, compared to its average volume of 1,194,008. The stock's fifty day moving average is $19.07 and its 200 day moving average is $22.92. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 26.77 and a beta of 1.57. 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 posted 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). The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm's quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. As a group, equities research analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CVI shares. Tudor Pickering raised CVR Energy to a "strong sell" rating in a research note on Monday, September 9th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. The Goldman Sachs Group decreased their price objective on CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a research note on Friday, December 6th. Mizuho boosted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $23.00.

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.