CVR Refining, LP (CVRR) Stake Held by Sheaff Brock Investment Advisors LLC
Sheaff Brock Investment Advisors LLC held its stake in shares of CVR Refining, LP (NYSE:CVRR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the oil and gas company’s stock at the end of the 2nd quarter. Sheaff Brock Investment Advisors LLC’s holdings in CVR Refining, were worth $109,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CVRR. HITE Hedge Asset Management LLC bought a new stake in CVR Refining, during the 2nd quarter worth about $9,916,000. Artemis Investment Management LLP bought a new stake in CVR Refining, during the 2nd quarter worth about $5,897,000. JPMorgan Chase & Co. lifted its position in CVR Refining, by 15,870.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 540,433 shares of the oil and gas company’s stock worth $5,135,000 after buying an additional 537,049 shares in the last quarter. Morgan Stanley lifted its position in CVR Refining, by 36.1% during the 1st quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock worth $18,945,000 after buying an additional 531,355 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in CVR Refining, by 389.1% during the 2nd quarter. Acadian Asset Management LLC now owns 572,644 shares of the oil and gas company’s stock worth $5,442,000 after buying an additional 455,572 shares in the last quarter. 10.98% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on CVRR. BidaskClub raised shares of CVR Refining, from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Zacks Investment Research raised shares of CVR Refining, from a “strong sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of CVR Refining, from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reissued a “neutral” rating and set a $8.00 price target on shares of CVR Refining, in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group cut shares of CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. CVR Refining, currently has a consensus rating of “Hold” and an average target price of $9.56.
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Shares of CVR Refining, LP (NYSE:CVRR) opened at 8.95 on Friday. The company has a market capitalization of $1.32 billion, a PE ratio of 24.93 and a beta of 1.25. The stock has a 50 day moving average of $7.82 and a 200-day moving average of $9.21. CVR Refining, LP has a one year low of $6.45 and a one year high of $12.55.
CVR Refining, (NYSE:CVRR) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that CVR Refining, LP will post $0.25 earnings per share for the current fiscal year.
CVR Refining, Company Profile
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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