CVR Energy, Inc. (NYSE:CVI) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,129 shares of the oil and gas company's stock after selling 131,243 shares during the period. Invesco Ltd. owned about 1.09% of CVR Energy worth $20,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in CVR Energy by 625.0% in the 4th quarter. Wells Fargo & Company MN now owns 167,401 shares of the oil and gas company's stock worth $3,137,000 after buying an additional 144,311 shares during the period. ExodusPoint Capital Management LP increased its position in shares of CVR Energy by 744.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock worth $5,493,000 after acquiring an additional 258,436 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CVR Energy by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company's stock valued at $14,513,000 after purchasing an additional 3,261 shares during the period. Norges Bank bought a new position in CVR Energy in the fourth quarter worth approximately $2,311,000. Finally, Vanguard Group Inc. increased its holdings 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 worth $77,496,000 after purchasing an additional 154,125 shares during the period. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank dropped their price target on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research report on Friday, April 11th. StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. The Goldman Sachs Group lowered 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 report on Thursday, March 27th. Finally, Mizuho increased their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $21.20.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 244,200 shares of the company's stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the completion of the purchase, the insider now owns 69,107,178 shares of the company's stock, valued at approximately $1,113,316,637.58. The trade was a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 1,592,723 shares of company stock valued at $27,750,649 in the last ninety days. Corporate insiders own 0.01% of the company's stock.

CVR Energy Stock Up 2.4 %

Shares of NYSE:CVI traded up $0.43 during trading on Thursday, reaching $18.31. The stock had a trading volume of 216,328 shares, compared to its average volume of 1,236,795. The firm's 50-day simple moving average is $18.82 and its 200 day simple moving average is $19.44. 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, Inc. has a one year low of $15.10 and a one year high of $33.63. The company has a market capitalization of $1.84 billion, a P/E ratio of 304.38 and a beta of 1.26.

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

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.