KLP Kapitalforvaltning AS Acquires New Position in CVR Energy, Inc. (NYSE:CVI)

KLP Kapitalforvaltning AS purchased a new position in CVR Energy, Inc. (NYSE:CVI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,900 shares of the oil and gas company's stock, valued at approximately $542,000.

A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 731 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of CVR Energy by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock valued at $259,000 after purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of CVR Energy by 1.3% during the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company's stock valued at $2,156,000 after purchasing an additional 1,479 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy in the 3rd quarter worth approximately $43,000. Finally, R Squared Ltd purchased a new stake in shares of CVR Energy in the 4th quarter worth approximately $36,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Stock Performance

Shares of NYSE:CVI traded down $0.04 during midday trading on Monday, reaching $16.02. 934,092 shares of the company's stock traded hands, compared to its average volume of 1,215,823. CVR Energy, Inc. has a one year low of $15.29 and a one year high of $37.66. The stock has a 50 day moving average of $19.27 and a 200 day moving average of $20.02. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 267.63 and a beta of 1.26. 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 announced its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. As a group, equities research analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn acquired 3,610 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought 1,492,540 shares of company stock valued at $27,049,928 over the last 90 days. Company insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CVI shares. Mizuho lifted their price objective on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered 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. Finally, StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five 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.com, the stock has an average rating of "Reduce" and an average price target of $22.20.

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.