American Century Companies Inc. Raises Holdings in CVR Energy, Inc. (NYSE:CVI)

American Century Companies Inc. raised its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 693,234 shares of the oil and gas company's stock after purchasing an additional 81,647 shares during the quarter. American Century Companies Inc. owned about 0.69% of CVR Energy worth $12,991,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC raised its stake in CVR Energy by 39.4% during the 4th quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock valued at $262,000 after acquiring an additional 3,953 shares during the last quarter. Kennondale Capital Management LLC purchased a new stake in shares of CVR Energy during the fourth quarter worth approximately $616,000. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 731 shares during the period. Charles Schwab Investment Management Inc. grew its position in CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock valued at $14,675,000 after buying an additional 143,941 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in CVR Energy by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 15,147 shares of the oil and gas company's stock valued at $284,000 after buying an additional 4,547 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Price Performance

Shares of CVR Energy stock traded down $1.90 during trading on Friday, hitting $15.98. 1,620,339 shares of the company were exchanged, compared to its average volume of 1,216,847. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $37.66. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The firm has a 50 day moving average price of $19.27 and a 200 day moving average price of $20.02. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 266.29 and a beta of 1.26.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Mizuho raised their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $22.20.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 3,610 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 1,492,540 shares of company stock worth $27,049,928 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

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.