CVR Energy Inc. (NYSE:CVI) Position Maintained by Swiss National Bank
Swiss National Bank held its stake in CVR Energy Inc. (NYSE:CVI) during the first quarter, according to its most recent filing with the SEC. The fund owned 28,500 shares of the oil and gas company’s stock at the end of the first quarter. Swiss National Bank’s holdings in CVR Energy were worth $572,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in CVR Energy during the fourth quarter valued at $11,641,000. Advisors Asset Management Inc. boosted its stake in CVR Energy by 25.4% in the first quarter. Advisors Asset Management Inc. now owns 1,334,724 shares of the oil and gas company’s stock valued at $26,801,000 after buying an additional 270,077 shares during the period. Acadian Asset Management LLC purchased a new stake in CVR Energy during the first quarter valued at $1,519,000. Wells Fargo & Company MN boosted its stake in CVR Energy by 43.5% in the first quarter. Wells Fargo & Company MN now owns 225,356 shares of the oil and gas company’s stock valued at $4,525,000 after buying an additional 68,281 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in CVR Energy during the first quarter valued at $653,000. Institutional investors own 97.53% of the company’s stock.
CVR Energy Inc. (CVI) opened at 22.38 on Tuesday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 31.00 and a beta of 1.75. CVR Energy Inc. has a 1-year low of $12.03 and a 1-year high of $25.91. The company has a 50 day moving average price of $20.88 and a 200-day moving average price of $21.41.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.32. The firm had revenue of $1.51 billion for the quarter. CVR Energy had a return on equity of 3.21% and a net margin of 1.17%. On average, analysts forecast that CVR Energy Inc. will post $0.46 EPS for the current fiscal year.
CVI has been the topic of several research reports. BidaskClub upgraded CVR Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine upgraded CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.50.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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