Pacer Advisors Inc. Lowers Stock Position in CVR Energy, Inc. (NYSE:CVI)

Pacer Advisors Inc. reduced its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,306,772 shares of the oil and gas company’s stock after selling 574,661 shares during the period. Pacer Advisors Inc. owned 6.27% of CVR Energy worth $145,245,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its position in shares of CVR Energy by 820.5% during the 2nd 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 acquired a new stake in CVR Energy in the third quarter worth about $46,000. Covestor Ltd boosted its holdings in CVR Energy by 45,560.0% in 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 in the last quarter. Quest Partners LLC boosted its holdings in CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 1,119 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in shares of CVR Energy in the second quarter worth about $202,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Mizuho lowered their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. UBS Group cut their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Finally, Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $24.75.

CVR Energy Stock Down 0.5 %

Shares of NYSE CVI opened at $18.70 on Thursday. The stock has a market cap of $1.88 billion, a PE ratio of 27.10 and a beta of 1.52. 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, Inc. has a 52-week low of $15.60 and a 52-week high of $38.07. The business has a 50-day moving average price of $21.74 and a 200 day moving average price of $24.78.

CVR Energy (NYSE:CVI) last announced 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). 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 company earned $1.89 earnings per share. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. Equities research analysts forecast that CVR Energy, Inc. will post 0.12 earnings per share for the current year.

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.