Holocene Advisors LP Raises Position in CVR Energy, Inc. (NYSE:CVI)

Holocene Advisors LP grew its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 134.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,702 shares of the oil and gas company's stock after acquiring an additional 102,935 shares during the period. Holocene Advisors LP owned 0.18% of CVR Energy worth $4,139,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of CVR Energy by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,485 shares of the oil and gas company's stock valued at $767,000 after buying an additional 990 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of CVR Energy by 67.3% in the first quarter. Janus Henderson Group PLC now owns 23,892 shares of the oil and gas company's stock valued at $852,000 after buying an additional 9,607 shares in the last quarter. CX Institutional raised its position in shares of CVR Energy by 4.0% in the second quarter. CX Institutional now owns 99,128 shares of the oil and gas company's stock valued at $2,654,000 after buying an additional 3,784 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CVR Energy in the second quarter valued at approximately $221,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of CVR Energy in the second quarter valued at approximately $2,484,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, August 13th. Scotiabank lowered their price objective on shares of CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a research report on Thursday, October 10th. StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Mizuho lowered their price objective on shares of CVR Energy from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $24.75.

CVR Energy Trading Down 0.5 %

CVI traded down $0.10 during trading on Thursday, reaching $18.33. 914,894 shares of the stock traded hands, compared to its average volume of 1,136,347. 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 stock has a market capitalization of $1.84 billion, a PE ratio of 26.71 and a beta of 1.57. The stock's 50-day moving average is $20.94 and its 200 day moving average is $24.07. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month 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 analysts' consensus estimates of ($0.09) by ($0.41). The firm had revenue of $1.83 billion for 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%. The business's revenue was down 27.3% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. Equities analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share 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.