Royce & Associates LP Has $2.33 Million Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Royce & Associates LP grew its position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 58.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,043 shares of the oil and gas company's stock after buying an additional 37,130 shares during the quarter. Royce & Associates LP owned approximately 0.10% of CVR Energy worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. SIR Capital Management L.P. acquired a new stake in CVR Energy in the 2nd quarter worth approximately $17,907,000. American Century Companies Inc. lifted its holdings in CVR Energy by 60.3% in the 2nd 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. Denali Advisors LLC lifted its holdings in CVR Energy by 323.6% in the 2nd quarter. Denali Advisors LLC now owns 159,162 shares of the oil and gas company's stock worth $4,261,000 after purchasing an additional 121,590 shares during the last quarter. Millennium Management LLC acquired a new stake in CVR Energy in the 2nd quarter worth approximately $2,889,000. Finally, Neo Ivy Capital Management acquired a new stake in CVR Energy in the 2nd quarter worth approximately $2,484,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Price Performance

CVR Energy stock traded down $0.18 on Wednesday, reaching $18.61. The company's stock had a trading volume of 200,764 shares, compared to its average volume of 1,134,230. 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 company has a market cap of $1.87 billion, a price-to-earnings ratio of 27.23 and a beta of 1.52. The business's fifty day moving average price is $21.79 and its 200 day moving average price is $24.82. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data 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 during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. Equities analysts expect that CVR Energy, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CVI. Tudor Pickering upgraded CVR Energy to a "strong sell" rating in a report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Wednesday, October 2nd. StockNews.com cut CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Tudor, Pickering, Holt & Co. cut CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Finally, Scotiabank lowered their price objective on 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. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus 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.