California State Teachers Retirement System cut its position in CVR Energy Inc. (NYSE:CVI) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 33,174 shares of the company’s stock after selling 498 shares during the period. California State Teachers Retirement System’s holdings in CVR Energy were worth $514,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in CVI. Invictus RG purchased a new position in CVR Energy during the first quarter worth about $157,000. Pacad Investment Ltd. purchased a new position in CVR Energy during the first quarter worth about $290,000. Nisa Investment Advisors LLC increased its position in CVR Energy by 174.5% in the second quarter. Nisa Investment Advisors LLC now owns 14,000 shares of the company’s stock worth $217,000 after buying an additional 8,900 shares during the period. Lucus Advisors LLC increased its position in CVR Energy by 8.5% in the second quarter. Lucus Advisors LLC now owns 21,727 shares of the company’s stock worth $337,000 after buying an additional 1,710 shares during the period. Finally, AMP Capital Investors Ltd increased its position in CVR Energy by 150.5% in the first quarter. AMP Capital Investors Ltd now owns 22,800 shares of the company’s stock worth $594,000 after buying an additional 13,700 shares during the period.
Shares of CVR Energy Inc. (NYSE:CVI) traded down 1.48% during trading on Friday, hitting $13.95. The stock had a trading volume of 857,377 shares. The company has a market cap of $1.21 billion, a P/E ratio of 48.95 and a beta of 1.79. CVR Energy Inc. has a 12 month low of $13.01 and a 12 month high of $48.37. The stock has a 50-day moving average price of $14.39 and a 200 day moving average price of $18.05.
CVR Energy (NYSE:CVI) last released its earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.27. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.15 billion. CVR Energy had a return on equity of 5.84% and a net margin of 0.54%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. Equities analysts expect that CVR Energy Inc. will post $0.37 EPS for the current fiscal year.
CVI has been the subject of a number of research reports. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of CVR Energy in a report on Wednesday, June 29th. Piper Jaffray Cos. increased their price objective on CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, August 22nd.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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