Quest Partners LLC Purchases 36,065 Shares of CVR Energy, Inc. (NYSE:CVI)

Quest Partners LLC grew its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 1,034.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,550 shares of the oil and gas company's stock after acquiring an additional 36,065 shares during the quarter. Quest Partners LLC's holdings in CVR Energy were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CVI. Headlands Technologies LLC lifted its position in CVR Energy by 820.5% during the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the third quarter worth about $46,000. Covestor Ltd increased its stake in CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company's stock worth $81,000 after acquiring an additional 2,278 shares during the last quarter. DRW Securities LLC purchased a new stake in CVR Energy during the second quarter valued at approximately $202,000. Finally, Hsbc Holdings PLC bought a new stake in shares of CVR Energy in the 2nd quarter valued at approximately $208,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Price Performance

CVR Energy stock opened at $18.70 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 27.10 and a beta of 1.52. The firm has a 50-day moving average of $21.74 and a two-hundred day moving average of $24.78. CVR Energy, Inc. has a 1 year low of $15.60 and a 1 year 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 analysts' consensus estimates of ($0.09) by ($0.41). The firm 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 revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. On average, research analysts forecast that CVR Energy, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group cut their target price on CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Scotiabank cut their price objective on shares of CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a research report on Thursday, October 10th. Mizuho lowered their target price on shares of CVR Energy from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. decreased 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 research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, CVR Energy presently has an average rating of "Reduce" and an average target price of $24.75.

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.