CVR Energy Inc. $CVI Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its position in shares of CVR Energy Inc. (NYSE:CVI) by 4.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 38,790 shares of the oil and gas company’s stock after selling 2,000 shares during the period. D.A. Davidson & CO.’s holdings in CVR Energy were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in CVR Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock worth $80,704,000 after acquiring an additional 24,677 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CVR Energy by 14.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock worth $17,347,000 after acquiring an additional 111,114 shares in the last quarter. American Century Companies Inc. grew its holdings in CVR Energy by 12.8% during the 1st quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company’s stock worth $15,171,000 after acquiring an additional 88,778 shares in the last quarter. Amanah Holdings Trust acquired a new position in CVR Energy during the 2nd quarter worth approximately $17,996,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in CVR Energy by 26.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company’s stock worth $11,394,000 after acquiring an additional 123,510 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVI. Weiss Ratings restated a “sell (d+)” rating on shares of CVR Energy in a report on Wednesday, October 8th. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. The Goldman Sachs Group upped their target price on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd. Raymond James Financial cut shares of CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. Finally, Scotiabank restated an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. One analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $29.25.

CVR Energy Stock Up 1.1%

Shares of NYSE:CVI opened at $40.01 on Tuesday. The stock has a market cap of $4.02 billion, a P/E ratio of -12.05 and a beta of 1.25. The firm has a fifty day moving average price of $33.49 and a 200 day moving average price of $27.79. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. CVR Energy Inc. has a 1-year low of $15.10 and a 1-year high of $40.28.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%.The firm had revenue of $1.76 billion during the quarter. Sell-side analysts predict that CVR Energy Inc. will post -0.12 EPS for the current 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.