JPMorgan Chase & Co. Trims Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

JPMorgan Chase & Co. cut its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,235 shares of the oil and gas company's stock after selling 30,838 shares during the quarter. JPMorgan Chase & Co. owned about 0.25% of CVR Energy worth $4,671,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CVI. Vanguard Group Inc. grew its position in shares of CVR Energy by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after purchasing an additional 154,125 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of CVR Energy during the fourth quarter valued at approximately $542,000. Sei Investments Co. lifted its stake in CVR Energy by 59.5% in the fourth quarter. Sei Investments Co. now owns 15,822 shares of the oil and gas company's stock worth $296,000 after acquiring an additional 5,900 shares during the period. American Century Companies Inc. lifted its position in CVR Energy by 13.4% during the fourth quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock valued at $12,991,000 after buying an additional 81,647 shares during the period. Finally, Intech Investment Management LLC lifted its position in CVR Energy by 39.4% during the fourth quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock valued at $262,000 after buying an additional 3,953 shares during the period. 98.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CVI. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. Scotiabank decreased their price objective 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 cut their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Finally, Mizuho lifted their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $21.20.

CVR Energy Trading Up 2.9 %

Shares of CVR Energy stock traded up $0.52 during trading on Thursday, hitting $18.40. The stock had a trading volume of 197,161 shares, compared to its average volume of 1,236,668. The firm's fifty day simple moving average is $18.82 and its 200-day simple moving average is $19.44. The stock has a market cap of $1.85 billion, a PE ratio of 306.65 and a beta of 1.26. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $33.63.

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 the consensus estimate of ($0.01) by ($0.12). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. As a group, sell-side analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 244,200 shares of the stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of $16.11 per share, with a total value of $3,934,062.00. Following the transaction, the insider now directly owns 69,107,178 shares of the company's stock, valued at $1,113,316,637.58. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 1,592,723 shares of company stock valued at $27,750,649 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

CVR Energy Company 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.