Caxton Associates LP Acquires New Position in CVR Energy, Inc. (NYSE:CVI)

Caxton Associates LP acquired a new stake in shares of CVR Energy, Inc. (NYSE:CVI) during the first quarter, Holdings Channel.com reports. The fund acquired 32,117 shares of the oil and gas company’s stock, valued at approximately $1,145,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in CVR Energy in the fourth quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in CVR Energy in the first quarter worth approximately $71,000. Covestor Ltd grew its position in CVR Energy by 45,560.0% in the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 2,278 shares in the last quarter. Scarborough Advisors LLC bought a new stake in CVR Energy in the fourth quarter worth approximately $89,000. Finally, TFO Wealth Partners LLC grew its position in CVR Energy by 246,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock worth $149,000 after acquiring an additional 4,931 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Up 2.6 %

Shares of CVI stock traded up $0.71 during trading on Tuesday, reaching $27.63. The company’s stock had a trading volume of 645,675 shares, compared to its average volume of 970,026. The business has a fifty day moving average price of $26.71 and a 200-day moving average price of $30.88. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 1.48. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 4.13 and a beta of 1.54. CVR Energy, Inc. has a one year low of $23.93 and a one year high of $39.36.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.39. CVR Energy had a net margin of 7.44% and a return on equity of 40.14%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s quarterly revenue was down 12.0% on a year-over-year basis. Analysts anticipate that CVR Energy, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CVI. UBS Group reduced their price objective on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. Mizuho began coverage on shares of CVR Energy in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price objective for the company. Scotiabank reduced their price objective on shares of CVR Energy from $29.00 to $24.00 and set a “sector underperform” rating for the company in a research note on Friday, July 12th. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.35.

CVR Energy Company 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.