Deutsche Bank AG Trims Holdings in CVR Energy Inc. (NYSE:CVI)

Cornelia Mascio
Aprile 20, 2018

Two Sigma Advisers LP owned about 0.26% of CVR Energy worth $8,400,000 as of its most recent SEC filing.

Institutional investors have recently modified their holdings of the business. The brokerage now has $37.00 target price on the oil and gas company's stock. LLC now owns 404,402 shares of the oil and gas company's stock worth $15,060,000 after purchasing an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PBF Energy by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 22,900 shares of the oil and gas company's stock worth $853,000 after purchasing an additional 2,000 shares during the last quarter. Macquarie Group Ltd. acquired a new position in CVR Energy in the 3rd quarter valued at $202,000. Great West Life Assurance Co. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PBF Energy by 82.8% in the 4th quarter. Great West Life Assurance Co. Rhumbline Advisers now owns 196,050 shares of the oil and gas company's stock valued at $6,950,000 after purchasing an additional 1,996 shares during the last quarter.

Shares of NYSE:CVI opened at $35.55 on Friday. The stock had a trading volume of 328,592 shares, compared to its average volume of 453,403. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.01 and a quick ratio of 1.30. CVR Energy Inc. has a 1 year low of $16.75 and a 1 year high of $39.70. The company has a market capitalization of $2,989.59, a P/E ratio of 39.13 and a beta of 1.71.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.25). PBF Energy had a return on equity of 4.97% and a net margin of 1.91%. The business earned $1.51 billion during the quarter. During the same period in the previous year, the company posted ($0.71) EPS. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. research analysts expect that PBF Energy will post 3.46 earnings per share for the current fiscal year. ValuEngine upgraded CVR Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Scotiabank reissued a buy rating and set a $40.00 target price on shares of PBF Energy in a research report on Thursday, December 21st. TheStreet upgraded CVR Energy from a "c+" rating to a "b-" rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Morgan Stanley downgraded PBF Energy from an "equal weight" rating to an "underweight" rating and set a $37.00 price objective for the company.in a research note on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $37.10.

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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). The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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