State Board of Administration of Florida Retirement System raised its stake in CVR Energy Inc. (NYSE:CVI) by 323.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,941 shares of the oil and gas company’s stock after purchasing an additional 45,776 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of CVR Energy worth $1,304,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of CVR Energy by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,528,815 shares of the oil and gas company’s stock valued at $30,699,000 after acquiring an additional 59,839 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CVR Energy by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 1,425,052 shares of the oil and gas company’s stock valued at $28,615,000 after acquiring an additional 31,156 shares during the period. Advisors Asset Management Inc. boosted its position in shares of CVR Energy by 4.5% in the second quarter. Advisors Asset Management Inc. now owns 1,394,239 shares of the oil and gas company’s stock valued at $30,339,000 after acquiring an additional 59,515 shares during the period. Acadian Asset Management LLC boosted its position in shares of CVR Energy by 429.5% in the second quarter. Acadian Asset Management LLC now owns 400,571 shares of the oil and gas company’s stock valued at $8,716,000 after acquiring an additional 324,918 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of CVR Energy by 4.7% in the second quarter. Global X Management Co. LLC now owns 383,884 shares of the oil and gas company’s stock valued at $8,353,000 after acquiring an additional 17,313 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Shares of CVR Energy Inc. (CVI) opened at 23.34 on Tuesday. The stock has a 50 day moving average of $20.00 and a 200-day moving average of $20.56. CVR Energy Inc. has a 12 month low of $12.03 and a 12 month high of $25.91. The company has a market cap of $2.03 billion, a PE ratio of 85.18 and a beta of 1.69.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.07. CVR Energy had a return on equity of 2.10% and a net margin of 0.44%. The company had revenue of $1.43 billion during the quarter. Equities analysts forecast that CVR Energy Inc. will post $0.37 earnings per share for the current year.

A number of equities research analysts have recently issued reports on CVI shares. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th.

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

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