Jacobs Levy Equity Management Inc. Has $13.09 Million Stake in CVR Energy, Inc. (NYSE:CVI)

Jacobs Levy Equity Management Inc. cut its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 23.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 568,441 shares of the oil and gas company's stock after selling 175,541 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.57% of CVR Energy worth $13,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC lifted its position in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 1,321 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $46,000. Larson Financial Group LLC lifted its position in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after acquiring an additional 2,698 shares in the last quarter. 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 worth $93,000 after buying an additional 1,119 shares in the last quarter. Finally, FMR LLC lifted its position in CVR Energy by 103.4% in the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company's stock worth $93,000 after buying an additional 2,049 shares in the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Stock Down 0.5 %

Shares of CVI traded down $0.10 during mid-day trading on Thursday, hitting $18.33. 914,894 shares of the company's stock were exchanged, compared to its average volume of 1,136,347. The firm has a fifty day moving average of $20.94 and a two-hundred day moving average of $24.07. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 26.57 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CVI shares. UBS Group cut their target price 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. StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price 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. 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. Finally, Tudor Pickering upgraded shares of CVR Energy to a "strong sell" rating in a research report on Monday, September 9th. Five research 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, CVR Energy currently has an average rating of "Reduce" and an average target price of $24.75.

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.