Hotchkis & Wiley Capital Management LLC Purchases New Shares in CVR Energy, Inc. (NYSE:CVI)

Hotchkis & Wiley Capital Management LLC bought a new position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 231,650 shares of the oil and gas company's stock, valued at approximately $5,335,000. Hotchkis & Wiley Capital Management LLC owned about 0.23% of CVR Energy as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Holocene Advisors LP lifted its position in CVR Energy by 134.1% during the 3rd quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company's stock valued at $4,139,000 after purchasing an additional 102,935 shares during the period. Verition Fund Management LLC acquired a new stake in CVR Energy during the 3rd quarter worth $545,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CVR Energy by 18.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,247 shares of the oil and gas company's stock valued at $1,364,000 after purchasing an additional 9,247 shares during the period. Public Sector Pension Investment Board boosted its position in shares of CVR Energy by 12.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 72,542 shares of the oil and gas company's stock worth $1,671,000 after purchasing an additional 7,796 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of CVR Energy during the third quarter worth $221,000. Institutional investors and hedge funds own 98.88% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CVI. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. Tudor Pickering raised CVR Energy to a "strong sell" rating in a research note on Monday, September 9th. UBS Group reduced their target price on CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price target on CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 2nd. Finally, StockNews.com lowered CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $24.00.

CVR Energy Stock Performance

CVR Energy stock traded up $0.45 during midday trading on Friday, reaching $18.77. 1,427,500 shares of the company's stock were exchanged, compared to its average volume of 1,137,581. The stock's 50-day simple moving average is $20.85 and its 200 day simple moving average is $24.03. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 27.20 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, 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 announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The company's revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. On average, analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

CVR Energy 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.