AlphaQuest LLC Trims Holdings in CVR Energy, Inc. (NYSE:CVI)

AlphaQuest LLC decreased its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 95.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,638 shares of the oil and gas company's stock after selling 37,912 shares during the quarter. AlphaQuest LLC's holdings in CVR Energy were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in CVR Energy during the third quarter valued at approximately $43,000. R Squared Ltd bought a new position in CVR Energy in the 4th quarter valued at $36,000. PNC Financial Services Group Inc. grew its position in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 731 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock worth $72,000 after purchasing an additional 2,698 shares during the period. Finally, FMR LLC raised its position in shares of CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company's stock worth $93,000 after buying an additional 2,049 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on CVI shares. Mizuho boosted their target price on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $23.00.

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Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn bought 3,610 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $18.24 per share, with a total value of $65,846.40. Following the completion of the purchase, the insider now directly owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This represents a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have purchased 1,492,540 shares of company stock worth $27,049,928. Company insiders own 0.01% of the company's stock.

CVR Energy Price Performance

NYSE:CVI traded down $0.30 during mid-day trading on Tuesday, reaching $19.99. The stock had a trading volume of 927,851 shares, compared to its average volume of 1,187,037. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The firm has a 50 day moving average price of $19.61 and a two-hundred day moving average price of $20.23. The stock has a market capitalization of $2.01 billion, a P/E ratio of 333.22 and a beta of 1.55.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. As a group, analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

CVR Energy Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.