Charles Schwab Investment Management Inc. Has $14.68 Million Stock Position in CVR Energy, Inc. (NYSE:CVI)

Charles Schwab Investment Management Inc. raised its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 783,079 shares of the oil and gas company's stock after purchasing an additional 143,941 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of CVR Energy worth $14,675,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock valued at $47,789,000 after buying an additional 317,475 shares during the period. Advisors Asset Management Inc. grew its stake in CVR Energy by 37.2% in the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company's stock valued at $8,108,000 after acquiring an additional 95,371 shares during the period. Victory Capital Management Inc. increased its holdings in shares of CVR Energy by 7.4% in the third quarter. Victory Capital Management Inc. now owns 347,969 shares of the oil and gas company's stock worth $8,014,000 after acquiring an additional 23,952 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of CVR Energy in the third quarter worth about $5,335,000. Finally, Holocene Advisors LP raised its position in shares of CVR Energy by 134.1% during the third quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company's stock worth $4,139,000 after purchasing an additional 102,935 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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CVR Energy Stock Down 4.1 %

Shares of CVI stock traded down $0.88 during trading on Monday, reaching $20.32. The company's stock had a trading volume of 867,525 shares, compared to its average volume of 1,187,083. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The business has a fifty day moving average price of $19.61 and a 200-day moving average price of $20.25. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 338.76 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The business 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 year.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 138,853 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $18.01 per share, with a total value of $2,500,742.53. Following the acquisition, the insider now owns 68,446,293 shares in the company, valued at $1,232,717,736.93. This represents a 0.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have purchased 1,492,540 shares of company stock worth $27,049,928. Corporate insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

CVI has been the subject of a number of research reports. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Mizuho increased 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, The Goldman Sachs Group cut 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. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, CVR Energy currently has an average rating of "Reduce" and an average price target of $23.00.

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.