Schwab Charles Investment Management Inc. boosted its position in CVR Energy, Inc. (NYSE:CVI) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,962 shares of the oil and gas company’s stock after buying an additional 32,869 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of CVR Energy worth $7,951,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of CVR Energy by 487.6% during the 2nd quarter. Prudential Financial Inc. now owns 275,648 shares of the oil and gas company’s stock worth $5,999,000 after acquiring an additional 228,740 shares during the period. Koch Industries Inc. bought a new position in shares of CVR Energy during the 2nd quarter worth approximately $216,000. Gotham Asset Management LLC boosted its stake in shares of CVR Energy by 207.1% during the 2nd quarter. Gotham Asset Management LLC now owns 320,666 shares of the oil and gas company’s stock worth $6,978,000 after acquiring an additional 216,238 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CVR Energy by 13,366.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 217,208 shares of the oil and gas company’s stock worth $5,649,000 after acquiring an additional 215,595 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of CVR Energy by 531.6% during the 2nd quarter. Alliancebernstein L.P. now owns 189,490 shares of the oil and gas company’s stock worth $4,123,000 after acquiring an additional 159,490 shares during the period.
CVR Energy, Inc. (NYSE:CVI) opened at $38.71 on Thursday. The firm has a market capitalization of $3,330.00, a price-to-earnings ratio of 82.36 and a beta of 1.84. The company has a quick ratio of 1.69, a current ratio of 2.24 and a debt-to-equity ratio of 0.72. CVR Energy, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $39.47.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. CVR Energy had a return on equity of 3.37% and a net margin of 0.71%. The firm had revenue of $1.45 billion during the quarter.
Separately, ValuEngine cut CVR Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th.
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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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