Inceptionr LLC Invests $704,000 in CVR Energy Inc. $CVI

Inceptionr LLC acquired a new position in CVR Energy Inc. (NYSE:CVI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 26,226 shares of the oil and gas company’s stock, valued at approximately $704,000.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of CVR Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock valued at $80,704,000 after buying an additional 24,677 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CVR Energy by 14.2% during the first 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 during the last quarter. American Century Companies Inc. lifted its stake in shares of CVR Energy by 5.5% in the second quarter. American Century Companies Inc. now owns 825,202 shares of the oil and gas company’s stock worth $22,157,000 after acquiring an additional 43,190 shares during the period. Amanah Holdings Trust bought a new stake in CVR Energy in the second quarter valued at approximately $17,996,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in CVR Energy by 26.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company’s stock valued at $11,394,000 after acquiring an additional 123,510 shares during the last quarter. 98.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CVI. Mizuho restated an “underperform” rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group lifted their target price on shares of CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group set a $37.00 price target on CVR Energy in a report on Sunday, September 28th. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Price Performance

Shares of NYSE CVI opened at $34.36 on Friday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 20.95 and a beta of 1.21. The firm’s 50-day moving average price is $36.11 and its 200-day moving average price is $30.48. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. CVR Energy Inc. has a 1-year low of $15.10 and a 1-year high of $41.67.

CVR Energy (NYSE:CVI) last issued its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.98%. The firm had revenue of $1.76 billion during the quarter. Equities research analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

About CVR Energy

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.