Regal Investment Advisors LLC Has $357,000 Position in CVR Refining, LP (CVRR)
Regal Investment Advisors LLC decreased its stake in shares of CVR Refining, LP (NYSE:CVRR) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,537 shares of the oil and gas company’s stock after selling 3,300 shares during the period. Regal Investment Advisors LLC’s holdings in CVR Refining, were worth $357,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of CVR Refining, by 14.4% during the second quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 1,705 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in CVR Refining, by 10.8% in the first quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 2,000 shares during the last quarter. Stifel Financial Corp boosted its position in CVR Refining, by 13.5% in the first quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 3,716 shares during the last quarter. Global X Management Co. LLC boosted its position in CVR Refining, by 8.7% in the first quarter. Global X Management Co. LLC now owns 63,525 shares of the oil and gas company’s stock worth $600,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Clinton Group Inc. boosted its position in CVR Refining, by 58.7% in the first quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock worth $263,000 after purchasing an additional 10,303 shares during the last quarter. 10.98% of the stock is currently owned by institutional investors.
CVR Refining, LP (CVRR) traded down 3.125% on Monday, reaching $8.525. The company’s stock had a trading volume of 85,950 shares. CVR Refining, LP has a 12-month low of $6.45 and a 12-month high of $12.55. The stock has a market cap of $1.26 billion, a PE ratio of 23.747 and a beta of 1.25. The company’s 50 day moving average price is $7.83 and its 200-day moving average price is $9.29.
CVR Refining, (NYSE:CVRR) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by $0.30. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts expect that CVR Refining, LP will post $0.25 EPS for the current year.
CVRR has been the topic of several research analyst reports. BidaskClub cut CVR Refining, from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. ValuEngine raised CVR Refining, from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 7th. Credit Suisse Group cut CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Tuesday, June 20th. Citigroup Inc. reissued a “neutral” rating and issued a $8.00 price objective on shares of CVR Refining, in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut CVR Refining, from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. CVR Refining, has an average rating of “Hold” and a consensus target price of $9.56.
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About CVR Refining,
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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