CVR Energy, Inc. (NYSE:CVI) Shares Bought by Polaris Capital Management LLC

Polaris Capital Management LLC increased its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 33.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 84,500 shares of the oil and gas company's stock after acquiring an additional 21,300 shares during the period. Polaris Capital Management LLC owned approximately 0.08% of CVR Energy worth $1,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after purchasing an additional 81,590 shares in the last quarter. Barclays PLC boosted its stake in CVR Energy by 214.3% during the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock valued at $1,797,000 after acquiring an additional 53,203 shares during the last quarter. Royce & Associates LP boosted its stake in CVR Energy by 58.1% during the 3rd quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company's stock valued at $2,327,000 after acquiring an additional 37,130 shares during the last quarter. State Street Corp increased its position in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after purchasing an additional 317,475 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Energy in the 3rd quarter valued at about $5,335,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn purchased 878,212 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the purchase, the insider now owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.01% of the company's stock.

CVR Energy Stock Performance

CVR Energy stock traded up $0.28 during mid-day trading on Friday, hitting $18.50. 247,051 shares of the company's stock traded hands, compared to its average volume of 809,192. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The company has a market cap of $1.86 billion, a PE ratio of 26.80 and a beta of 1.57. The firm has a 50 day moving average price of $19.21 and a 200 day moving average price of $21.41. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

Analysts Set New Price Targets

A number of research firms recently commented on CVI. The Goldman Sachs Group decreased their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Mizuho raised their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Five equities 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, the company presently has an average rating of "Reduce" and an average target price of $23.00.

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.