Victory Capital Management Inc. Has $3.05 Million Stock Position in CVR Energy, Inc. (NYSE:CVI)

Victory Capital Management Inc. reduced its position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,807 shares of the oil and gas company's stock after selling 185,162 shares during the quarter. Victory Capital Management Inc. owned 0.16% of CVR Energy worth $3,051,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in shares of CVR Energy by 9.6% during the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company's stock worth $224,000 after acquiring an additional 849 shares during the period. New York State Teachers Retirement System lifted its holdings in 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 valued at $259,000 after purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers lifted its holdings in CVR Energy by 1.3% during the 4th quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company's stock valued at $2,156,000 after purchasing an additional 1,479 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in CVR Energy during the third quarter worth $43,000. Finally, R Squared Ltd acquired a new position in shares of CVR Energy in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 98.88% of the company's stock.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 3,610 shares of CVR Energy stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the purchase, the insider now directly owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. This represents a 0.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 1,492,540 shares of company stock valued at $27,049,928 in the last three months. Corporate insiders own 0.01% of the company's stock.

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CVR Energy Stock Performance

NYSE CVI traded down $0.00 during trading on Thursday, reaching $21.83. The company's stock had a trading volume of 703,853 shares, compared to its average volume of 1,181,185. The firm has a 50 day moving average price of $19.50 and a 200 day moving average price of $20.31. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 364.81 and a beta of 1.55. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15.

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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates 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, equities analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. Mizuho raised their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, CVR Energy has an average rating of "Reduce" and a consensus price target of $23.00.

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.