Massachusetts Financial Services Co. MA Has $547,000 Stock Position in CVR Energy, Inc. (NYSE:CVI)

Massachusetts Financial Services Co. MA decreased its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 64.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,745 shares of the oil and gas company's stock after selling 42,362 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in CVR Energy were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in CVR Energy by 2.2% during the first quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company's stock worth $143,379,000 after purchasing an additional 85,773 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CVR Energy by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company's stock worth $55,476,000 after acquiring an additional 44,636 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CVR Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company's stock valued at $26,109,000 after acquiring an additional 3,134 shares during the last quarter. SIR Capital Management L.P. acquired a new position in CVR Energy during the second quarter valued at approximately $17,907,000. Finally, American Century Companies Inc. lifted its stake in CVR Energy by 60.3% during the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company's stock worth $10,917,000 after purchasing an additional 153,396 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CVI shares. Tudor, Pickering, Holt & Co. lowered 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. Mizuho reduced their price target on shares of CVR Energy from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. UBS Group decreased their price target on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. dropped 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 note on Wednesday, October 2nd. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $24.75.

CVR Energy Trading Up 0.7 %

Shares of NYSE:CVI traded up $0.13 during midday trading on Thursday, hitting $19.27. 866,013 shares of the stock were exchanged, compared to its average volume of 1,136,902. The business's 50-day moving average price is $21.36 and its 200 day moving average price is $24.42. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.93 and a beta of 1.52.

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 business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. CVR Energy's revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. Analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current 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.