ExodusPoint Capital Management LP Boosts Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

ExodusPoint Capital Management LP boosted its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 744.9% during the 4th quarter, according to its most recent 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 approximately 0.29% of CVR Energy worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CVI. Vanguard Group Inc. grew its stake in CVR Energy by 3.9% during the 4th 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 during the last quarter. State Street Corp boosted its position in CVR Energy by 18.1% in the third 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock worth $14,675,000 after buying an additional 143,941 shares during the period. Geode Capital Management LLC raised its position in CVR Energy by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company's stock worth $14,513,000 after buying an additional 3,261 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in CVR Energy by 13.4% during the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock valued at $12,991,000 after acquiring an additional 81,647 shares during the period. Institutional investors and hedge funds own 98.88% of the company's stock.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 3,610 shares of the firm's stock in a transaction on Friday, February 28th. The stock was bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 919,636 shares of company stock valued at $16,063,898. Corporate insiders own 0.01% of the company's stock.

CVR Energy Trading Down 5.1 %

NYSE CVI traded down $0.90 during trading hours on Thursday, reaching $16.69. The company had a trading volume of 374,758 shares, compared to its average volume of 1,225,324. CVR Energy, Inc. has a 1-year low of $15.10 and a 1-year high of $36.06. The stock has a market capitalization of $1.68 billion, a P/E ratio of 278.46 and a beta of 1.26. The stock has a 50-day moving average of $19.00 and a 200 day moving average of $19.83. 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 posted its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share 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 during the quarter, compared to analyst estimates of $1.85 billion. As a group, research analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVI has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a report 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 report on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat.com, CVR Energy has a consensus rating of "Reduce" and a consensus price target of $22.20.

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.