Two Sigma Advisers LP Cuts Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Advisers LP cut its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 23.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,800 shares of the oil and gas company's stock after selling 155,700 shares during the quarter. Two Sigma Advisers LP owned 0.51% of CVR Energy worth $11,787,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after acquiring an additional 317,475 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of CVR Energy by 2.2% during the second 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of CVR Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company's stock worth $26,109,000 after acquiring an additional 3,134 shares during the last quarter. SIR Capital Management L.P. bought a new position in shares of CVR Energy during the second quarter worth about $17,907,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CVR Energy by 14.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock worth $14,719,000 after acquiring an additional 81,590 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Stock Down 0.1 %

CVR Energy stock traded down $0.01 during mid-day trading on Tuesday, reaching $19.45. The stock had a trading volume of 931,267 shares, compared to its average volume of 1,139,061. 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 fifty-two week low of $15.60 and a fifty-two week high of $38.07. The stock's 50-day simple moving average is $20.69 and its 200-day simple moving average is $23.80. The firm has a market capitalization of $1.96 billion, a PE ratio of 28.20 and a beta of 1.57.

CVR Energy (NYSE:CVI - Get Free Report) last announced 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). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $1.89 EPS. The company's revenue was down 27.3% on a year-over-year basis. On average, sell-side analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CVI shares. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research report on Friday. UBS Group lowered their target price on CVR Energy from $33.75 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. Scotiabank lowered their target price on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a report on Thursday, October 10th. Tudor Pickering upgraded CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Finally, Mizuho lowered their target price on CVR Energy from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $24.00.

About CVR Energy

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.