CVR Energy Inc. (NYSE:CVI)’s share price dropped 3.4% during trading on Thursday . The stock traded as low as $14.76 and last traded at $14.79, with a volume of 421,781 shares trading hands. The stock had previously closed at $15.31.

CVI has been the topic of several recent analyst reports. Simmons decreased their price target on CVR Energy from $20.00 to $17.00 in a research note on Tuesday, April 12th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th.

The stock has a 50-day moving average of $18.44 and a 200-day moving average of $25.73. The stock has a market cap of $1.26 billion and a PE ratio of 12.81.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Thursday, April 28th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.11. During the same period in the previous year, the business earned $0.63 earnings per share. The firm earned $905.50 million during the quarter, compared to analysts’ expectations of $806.09 million. The business’s revenue for the quarter was down 34.8% on a year-over-year basis. On average, equities research analysts forecast that CVR Energy Inc. will post $0.14 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in CVI. Herndon Capital Management LLC increased its position in CVR Energy by 13.5% in the fourth quarter. Herndon Capital Management LLC now owns 27,828 shares of the company’s stock valued at $1,095,000 after buying an additional 3,308 shares during the last quarter. California State Teachers Retirement System increased its position in CVR Energy by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 29,554 shares of the company’s stock valued at $1,163,000 after buying an additional 407 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in CVR Energy by 74.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 34,100 shares of the company’s stock valued at $1,342,000 after buying an additional 14,600 shares during the last quarter. First Trust Advisors LP bought a new position in CVR Energy during the fourth quarter valued at $2,224,000. Finally, California Public Employees Retirement System increased its position in CVR Energy by 9.3% in the fourth quarter. California Public Employees Retirement System now owns 120,500 shares of the company’s stock valued at $4,742,000 after buying an additional 10,300 shares during the last quarter.

CVR Energy, Inc (CVR Energy) is a holding company. The Company engages 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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