ExodusPoint Capital Management LP Purchases 258,436 Shares of CVR Energy, Inc. (NYSE:CVI)

ExodusPoint Capital Management LP increased its stake in CVR Energy, Inc. (NYSE:CVI - Free Report) by 744.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,129 shares of the oil and gas company's stock after buying an additional 258,436 shares during the period. ExodusPoint Capital Management LP owned 0.29% of CVR Energy worth $5,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CVI. R Squared Ltd bought a new position in shares of CVR Energy in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its position 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 valued at $38,000 after buying an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy during the 3rd quarter valued at $43,000. FMR LLC grew its position in shares of CVR Energy by 103.4% in 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, Townsquare Capital LLC bought a new position in shares of CVR Energy in the 3rd quarter worth about $221,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Up 1.5 %

Shares of NYSE:CVI traded up $0.24 during trading on Monday, reaching $16.30. 1,994,110 shares of the stock traded hands, compared to its average volume of 1,219,957. CVR Energy, Inc. has a 52-week low of $15.29 and a 52-week high of $37.66. The stock has a market cap of $1.64 billion, a P/E ratio of 271.63 and a beta of 1.26. The stock has a 50-day moving average of $19.20 and a two-hundred day moving average of $19.97. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66.

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CVR Energy (NYSE:CVI - Get Free Report) last issued its 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 business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.85 billion. As a group, sell-side analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn bought 878,212 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the purchase, the insider now owns 67,570,593 shares of the company's stock, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 1,797,848 shares of company stock valued at $32,091,267 over the last ninety days. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Mizuho raised their price objective on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research report 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 company presently has an average rating of "Reduce" and an average price target of $22.20.

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.