Swiss National Bank held its position in shares of CVR Energy Inc. (NYSE:CVI) during the second quarter, Holdings Channel reports. The firm owned 28,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank’s holdings in CVR Energy were worth $442,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in CVI. Babson Capital Management LLC boosted its position in CVR Energy by 171.2% in the first quarter. Babson Capital Management LLC now owns 41,500 shares of the company’s stock valued at $1,083,000 after buying an additional 26,200 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in CVR Energy during the first quarter valued at approximately $2,057,000. Allen Investment Management LLC boosted its position in CVR Energy by 10.8% in the first quarter. Allen Investment Management LLC now owns 24,887 shares of the company’s stock valued at $650,000 after buying an additional 2,433 shares in the last quarter. Invictus RG purchased a new position in CVR Energy during the first quarter valued at approximately $157,000. Finally, AMP Capital Investors Ltd boosted 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 valued at $594,000 after buying an additional 13,700 shares in the last quarter.
CVR Energy Inc. (NYSE:CVI) traded up 2.45% during trading on Tuesday, hitting $14.66. 140,847 shares of the company’s stock traded hands. The company’s 50 day moving average is $14.58 and its 200-day moving average is $17.49. CVR Energy Inc. has a 12 month low of $13.01 and a 12 month high of $48.37. The stock has a market cap of $1.27 billion, a P/E ratio of 51.44 and a beta of 1.79.
CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.27. CVR Energy had a net margin of 0.54% and a return on equity of 5.84%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. CVR Energy’s quarterly revenue was down 21.0% on a year-over-year basis. On average, analysts predict that CVR Energy Inc. will post $0.37 earnings per share for the current year.
CVI has been the topic of several recent analyst reports. Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a research report on Wednesday, June 29th. Piper Jaffray Cos. lifted their target price on shares of CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research 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).
Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy Inc. (NYSE:CVI).
Receive News & Ratings for CVR Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.