Renaissance Technologies LLC Has $10.21 Million Stock Position in CVR Energy, Inc. (NYSE:CVI)

Renaissance Technologies LLC lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,693 shares of the oil and gas company's stock after buying an additional 110,460 shares during the quarter. Renaissance Technologies LLC owned about 0.54% of CVR Energy worth $10,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in CVR Energy during the 4th quarter worth $36,000. PNC Financial Services Group Inc. lifted its stake in CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after buying an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new position in CVR Energy during the third quarter worth about $43,000. FMR LLC grew its position in shares of CVR Energy by 103.4% during the 3rd 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 during the period. Finally, New York State Teachers Retirement System grew its position in shares of CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock worth $259,000 after buying an additional 1,400 shares during the period. 98.88% of the stock is owned by institutional investors.

CVR Energy Stock Up 1.2 %

Shares of CVI stock traded up $0.22 during trading hours on Tuesday, hitting $18.47. 725,328 shares of the company were exchanged, compared to its average volume of 1,239,633. CVR Energy, Inc. has a 52 week low of $15.10 and a 52 week high of $34.08. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The business has a 50 day moving average of $18.84 and a two-hundred day moving average of $19.45. The company has a market capitalization of $1.86 billion, a PE ratio of 307.80 and a beta of 1.26.

CVR Energy (NYSE:CVI - Get Free Report) last released its earnings results 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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn bought 206,571 shares of CVR Energy stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $17.79 per share, for a total transaction of $3,674,898.09. Following the completion of the acquisition, the insider now owns 67,780,774 shares of the company's stock, valued at $1,205,819,969.46. This trade represents a 0.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders bought 1,463,876 shares of company stock worth $25,440,929. 0.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CVI. StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Scotiabank reduced their price target on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group decreased 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. Finally, Mizuho raised their price objective on CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Five research 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 presently has an average rating of "Reduce" and a consensus price target of $21.20.

About CVR Energy

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.