CVR Energy Inc. $CVI Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in CVR Energy Inc. (NYSE:CVI) by 249.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,748 shares of the oil and gas company’s stock after acquiring an additional 106,854 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of CVR Energy worth $4,021,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SummerHaven Investment Management LLC boosted its position in shares of CVR Energy by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,465 shares of the oil and gas company’s stock valued at $872,000 after purchasing an additional 758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CVR Energy by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after buying an additional 858 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of CVR Energy by 9.2% in the second quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock worth $299,000 after buying an additional 941 shares during the period. Matrix Trust Co purchased a new position in shares of CVR Energy in the second quarter worth approximately $26,000. Finally, State of Alaska Department of Revenue increased its position in shares of CVR Energy by 7.4% in the second quarter. State of Alaska Department of Revenue now owns 20,351 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 1,411 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVI has been the subject of a number of recent analyst reports. Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. UBS Group set a $37.00 target price on CVR Energy in a research report on Sunday, September 28th. Mizuho reiterated an “underperform” rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 1st. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $29.25.

CVR Energy Price Performance

NYSE CVI opened at $33.52 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $3.37 billion, a PE ratio of 20.44 and a beta of 1.10. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $41.67. The company has a 50 day moving average price of $35.99 and a two-hundred day moving average price of $30.99.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $1.76 billion during the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. As a group, equities analysts predict that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal 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.