CVR Energy, Inc. (CVI) Holdings Trimmed by Paloma Partners Management Co

Paloma Partners Management Co lessened its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,381 shares of the oil and gas company’s stock after selling 4,166 shares during the quarter. Paloma Partners Management Co’s holdings in CVR Energy were worth $220,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of CVR Energy during the 4th quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CVR Energy by 125.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the oil and gas company’s stock worth $87,000 after buying an additional 1,405 shares during the period. DekaBank Deutsche Girozentrale raised its position in CVR Energy by 200.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,644 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,764 shares during the last quarter. SG Americas Securities LLC bought a new position in CVR Energy in the 4th quarter valued at $101,000. Finally, Quantamental Technologies LLC bought a new position in CVR Energy in the 4th quarter valued at $138,000. Institutional investors and hedge funds own 91.75% of the company’s stock.

Several equities analysts have issued reports on CVI shares. Barclays started coverage on CVR Energy in a research report on Thursday, January 24th. They issued an “underweight” rating and a $47.00 price objective for the company. Citigroup cut their price objective on CVR Energy from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Wolfe Research started coverage on CVR Energy in a research report on Monday, January 28th. They issued a “market perform” rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. CVR Energy currently has an average rating of “Hold” and an average target price of $42.60.

CVI traded down $0.60 during trading on Friday, hitting $42.49. The company’s stock had a trading volume of 322,150 shares, compared to its average volume of 392,458. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.84 and a current ratio of 2.61. CVR Energy, Inc. has a 12 month low of $30.46 and a 12 month high of $47.67. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 15.85 and a beta of 1.22.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, February 20th. The oil and gas company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.15). The firm had revenue of $1.74 billion during the quarter. CVR Energy had a net margin of 4.06% and a return on equity of 14.08%.

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CVR Energy Profile

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

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

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