CVR Energy, Inc. (NYSE:CVI) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in CVR Energy, Inc. (NYSE:CVI) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,306,772 shares of the oil and gas company’s stock after selling 574,661 shares during the quarter. Pacer Advisors Inc. owned about 0.06% of CVR Energy worth $145,245,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in CVR Energy by 2.2% in the first quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock valued at $143,379,000 after buying an additional 85,773 shares during the last quarter. Royce & Associates LP lifted its position in CVR Energy by 58.1% in the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock worth $2,327,000 after purchasing an additional 37,130 shares during the period. Neo Ivy Capital Management acquired a new stake in CVR Energy in the second quarter worth approximately $2,484,000. Millennium Management LLC acquired a new stake in CVR Energy in the second quarter worth approximately $2,889,000. Finally, Caxton Associates LP bought a new position in shares of CVR Energy in the first quarter valued at $1,145,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Trading Down 0.5 %

Shares of CVR Energy stock opened at $18.70 on Thursday. The business has a fifty day simple moving average of $21.74 and a two-hundred day simple moving average of $24.78. CVR Energy, Inc. has a 1 year low of $15.60 and a 1 year high of $38.07. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 27.10 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last posted its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business posted $1.89 EPS. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. Research analysts forecast that CVR Energy, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CVI. JPMorgan Chase & Co. lowered their price target on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Mizuho lowered their price target on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. UBS Group reduced their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Scotiabank cut their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, CVR Energy has an average rating of “Reduce” and a consensus target price of $24.75.

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.