The Manufacturers Life Insurance Company Sells 1,155 Shares of CVR Energy, Inc. (NYSE:CVI)

The Manufacturers Life Insurance Company lessened its holdings in CVR Energy, Inc. (NYSE:CVI) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,376 shares of the oil and gas company’s stock after selling 1,155 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CVR Energy were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Rhumbline Advisers grew its stake in CVR Energy by 2.0% in the 4th quarter. Rhumbline Advisers now owns 44,253 shares of the oil and gas company’s stock valued at $659,000 after purchasing an additional 847 shares during the period. Public Employees Retirement System of Ohio grew its stake in CVR Energy by 30.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,671 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 1,102 shares during the period. LPL Financial LLC grew its stake in shares of CVR Energy by 6.6% during the 4th quarter. LPL Financial LLC now owns 32,532 shares of the oil and gas company’s stock worth $485,000 after acquiring an additional 2,012 shares during the period. Squarepoint Ops LLC grew its stake in shares of CVR Energy by 10.5% during the 4th quarter. Squarepoint Ops LLC now owns 21,372 shares of the oil and gas company’s stock worth $318,000 after acquiring an additional 2,034 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of CVR Energy by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 63,831 shares of the oil and gas company’s stock worth $951,000 after acquiring an additional 5,588 shares during the period. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Several research analysts have recently weighed in on CVI shares. Credit Suisse Group upgraded CVR Energy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their price target on CVR Energy from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday. Scotiabank increased their price objective on CVR Energy from $17.00 to $23.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 2nd. Citigroup reduced their price objective on CVR Energy from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Tudor Pickering lowered CVR Energy from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research report on Friday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Shares of NYSE:CVI opened at $23.44 on Friday. The company’s fifty day moving average is $21.21. The stock has a market capitalization of $2.36 billion, a PE ratio of -11.32 and a beta of 1.97. CVR Energy, Inc. has a 12-month low of $9.81 and a 12-month high of $27.02. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 1.45.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Sunday, May 2nd. The oil and gas company reported ($1.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.16). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1 billion. CVR Energy had a negative net margin of 4.86% and a negative return on equity of 30.75%. Sell-side analysts predict that CVR Energy, Inc. will post -0.85 EPS for the current fiscal year.

CVR Energy Company Profile

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

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

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