Jane Street Group LLC bought a new position in CVR Energy, Inc. (NYSE:CVI) during the second quarter, Holdings Channel reports. The fund bought 8,462 shares of the oil and gas company’s stock, valued at approximately $313,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CVI. Castleark Management LLC raised its stake in CVR Energy by 154.0% during the 2nd quarter. Castleark Management LLC now owns 62,990 shares of the oil and gas company’s stock valued at $2,330,000 after purchasing an additional 38,190 shares during the last quarter. grace capital acquired a new position in CVR Energy during the 2nd quarter valued at $2,011,000. CastleArk Alternatives LLC raised its stake in CVR Energy by 157.6% during the 2nd quarter. CastleArk Alternatives LLC now owns 83,453 shares of the oil and gas company’s stock valued at $3,087,000 after purchasing an additional 51,060 shares during the last quarter. Bridgeworth LLC acquired a new position in CVR Energy during the 2nd quarter valued at $166,000. Finally, Vident Investment Advisory LLC raised its stake in CVR Energy by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 96,187 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 1,440 shares during the last quarter.
Several equities analysts recently commented on CVI shares. Goldman Sachs Group upgraded shares of CVR Energy from a “neutral” rating to a “buy” rating in a research note on Friday, September 7th. ValuEngine cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th.
NYSE:CVI opened at $39.23 on Friday. The firm has a market cap of $3.49 billion, a P/E ratio of 25.78 and a beta of 1.59. CVR Energy, Inc. has a one year low of $26.57 and a one year high of $47.67. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.69.
CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, July 25th. The oil and gas company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.39). The company had revenue of $1.91 billion for the quarter. CVR Energy had a net margin of 5.23% and a return on equity of 8.00%.
About CVR Energy
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.
See Also: Understanding each part of a balance sheet
Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy, Inc. (NYSE:CVI).
Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.