Morgan Stanley Trims Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Share on StockTwits

Morgan Stanley decreased its position in CVR Energy, Inc. (NYSE:CVI) by 86.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,263 shares of the oil and gas company’s stock after selling 283,293 shares during the period. Morgan Stanley’s holdings in CVR Energy were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of CVR Energy by 1.4% during the first quarter. Swiss National Bank now owns 58,500 shares of the oil and gas company’s stock worth $967,000 after acquiring an additional 800 shares during the period. Nuveen Asset Management LLC grew its stake in shares of CVR Energy by 1.1% during the first quarter. Nuveen Asset Management LLC now owns 111,638 shares of the oil and gas company’s stock worth $1,845,000 after purchasing an additional 1,172 shares in the last quarter. Rhumbline Advisers grew its stake in shares of CVR Energy by 3.2% during the first quarter. Rhumbline Advisers now owns 47,706 shares of the oil and gas company’s stock worth $789,000 after purchasing an additional 1,465 shares in the last quarter. AGF Investments LLC grew its stake in shares of CVR Energy by 19.2% during the first quarter. AGF Investments LLC now owns 10,048 shares of the oil and gas company’s stock worth $166,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of CVR Energy during the first quarter worth $38,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Several research firms have issued reports on CVI. Credit Suisse Group upped their price objective on shares of CVR Energy from $16.00 to $19.00 and gave the company an “underperform” rating in a research note on Monday, May 11th. Scotiabank decreased their price objective on shares of CVR Energy from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Finally, Citigroup upped their price objective on shares of CVR Energy from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.50.

Shares of CVI opened at $19.20 on Friday. CVR Energy, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $53.99. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.05 and a beta of 1.91. The firm has a 50-day simple moving average of $19.75 and a 200-day simple moving average of $23.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.35 and a current ratio of 2.77.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.40. The firm had revenue of $1.13 billion during the quarter. CVR Energy had a net margin of 3.20% and a return on equity of 16.42%.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

Read More: What is meant by buying and selling pressure?

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).

Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zurcher Kantonalbank Zurich Cantonalbank Has $351,000 Stock Position in Interactive Brokers Group, Inc.
Zurcher Kantonalbank Zurich Cantonalbank Has $351,000 Stock Position in Interactive Brokers Group, Inc.
Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Parsley Energy Inc
Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Parsley Energy Inc
Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Simpson Manufacturing Co, Inc.
Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Simpson Manufacturing Co, Inc.
Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,672 Shares of Box Inc
Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,672 Shares of Box Inc
AGCO Co.  Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank
AGCO Co. Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,405 Shares of ACI Worldwide Inc
Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,405 Shares of ACI Worldwide Inc


© 2006-2020 Ticker Report