Principal Financial Group Inc. Sells 23,448 Shares of CVR Energy Inc. $CVI

Principal Financial Group Inc. decreased its position in CVR Energy Inc. (NYSE:CVI) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,889 shares of the oil and gas company’s stock after selling 23,448 shares during the period. Principal Financial Group Inc. owned about 0.15% of CVR Energy worth $5,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVI. Raymond James Financial Inc. purchased a new position in shares of CVR Energy during the 2nd quarter valued at $53,000. BNP Paribas Financial Markets raised its stake in CVR Energy by 48.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock valued at $98,000 after acquiring an additional 1,178 shares during the period. Quantbot Technologies LP purchased a new stake in CVR Energy during the second quarter valued at about $114,000. AlphaQuest LLC lifted its holdings in CVR Energy by 600.3% during the second quarter. AlphaQuest LLC now owns 5,287 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 4,532 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in CVR Energy by 432.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,846 shares of the oil and gas company’s stock worth $184,000 after purchasing an additional 5,560 shares during the period. 98.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CVI has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th. Finally, Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Stock Performance

CVR Energy stock opened at $23.17 on Friday. CVR Energy Inc. has a 1-year low of $15.10 and a 1-year high of $41.67. The company has a current ratio of 1.96, a quick ratio of 1.28 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2.33 billion, a PE ratio of 14.13 and a beta of 1.16. The firm’s 50 day simple moving average is $25.39 and its 200 day simple moving average is $30.44.

CVR Energy Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.