22,062 Shares in CVR Energy, Inc. (NYSE:CVI) Acquired by DRW Securities LLC

DRW Securities LLC acquired a new stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 22,062 shares of the oil and gas company's stock, valued at approximately $413,000.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 731 shares during the last quarter. New York State Teachers Retirement System grew its stake 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 worth $259,000 after buying an additional 1,400 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CVR Energy by 1.3% in the 4th quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company's stock valued at $2,156,000 after acquiring an additional 1,479 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of CVR Energy during the third quarter worth about $43,000. Finally, R Squared Ltd purchased a new stake in shares of CVR Energy during the fourth quarter worth approximately $36,000. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Price Performance

NYSE:CVI traded up $0.40 during mid-day trading on Wednesday, hitting $18.13. The company's stock had a trading volume of 299,452 shares, compared to its average volume of 1,042,026. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 302.22 and a beta of 1.26. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $34.18. The stock has a fifty day moving average of $18.89 and a 200-day moving average of $19.65.

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

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn purchased 244,200 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $16.11 per share, with a total value of $3,934,062.00. Following the acquisition, the insider now owns 69,107,178 shares in the company, valued at approximately $1,113,316,637.58. This trade represents a 0.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 1,393,545 shares of company stock valued at $24,172,861. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CVI has been the subject of a number of recent research reports. Scotiabank lowered their price target on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group dropped their price target 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. Mizuho lifted their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $21.20.

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.