CVR Energy, Inc. (NYSE:CVI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in CVR Energy, Inc. (NYSE:CVI - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,135,315 shares of the oil and gas company's stock after purchasing an additional 154,125 shares during the quarter. Vanguard Group Inc. owned about 4.11% of CVR Energy worth $77,496,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in CVR Energy during the fourth quarter worth about $542,000. Sei Investments Co. increased its holdings in shares of CVR Energy by 59.5% during the 4th quarter. Sei Investments Co. now owns 15,822 shares of the oil and gas company's stock worth $296,000 after buying an additional 5,900 shares during the last quarter. American Century Companies Inc. increased its stake in CVR Energy by 13.4% during the fourth quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock worth $12,991,000 after acquiring an additional 81,647 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of CVR Energy by 39.4% during the 4th quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock worth $262,000 after purchasing an additional 3,953 shares during the period. Finally, Kennondale Capital Management LLC purchased a new position in CVR Energy during the fourth quarter worth about $616,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Scotiabank reduced their target price on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a report on Friday, April 11th. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Mizuho upped their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $21.20.

CVR Energy Price Performance

Shares of CVI traded up $0.53 during mid-day trading on Wednesday, reaching $18.26. 158,468 shares of the company's stock were exchanged, compared to its average volume of 1,230,145. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The company has a 50-day simple moving average of $18.89 and a two-hundred day simple moving average of $19.65. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 304.72 and a beta of 1.26. CVR Energy, Inc. has a 52-week low of $15.10 and a 52-week high of $34.51.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The business had revenue of $1.95 billion during 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%. On average, sell-side analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn bought 206,571 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $17.79 per share, for a total transaction of $3,674,898.09. Following the purchase, the insider now owns 67,780,774 shares in the company, valued at $1,205,819,969.46. This trade represents a 0.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 1,393,545 shares of company stock worth $24,172,861 in the last three months. 0.01% of the stock is currently owned by company insiders.

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.