CVR Energy, Inc. (NYSE:CVI) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 625.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,401 shares of the oil and gas company's stock after purchasing an additional 144,311 shares during the period. Wells Fargo & Company MN owned approximately 0.17% of CVR Energy worth $3,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVI. Barclays PLC lifted its stake in CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after purchasing an additional 53,203 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CVR Energy during the 3rd quarter valued at $43,000. SG Americas Securities LLC raised its position in CVR Energy by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 24,319 shares of the oil and gas company's stock worth $456,000 after acquiring an additional 3,050 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in CVR Energy by 25.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 93,766 shares of the oil and gas company's stock valued at $1,757,000 after purchasing an additional 19,265 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of CVR Energy during the 4th quarter worth $36,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CVI shares. Scotiabank lowered their price objective on shares of 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. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Mizuho lifted their target price on CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of "Reduce" and an average price target of $21.20.

CVR Energy Stock Up 1.0 %

Shares of NYSE:CVI traded up $0.19 during midday trading on Monday, reaching $18.60. The company's stock had a trading volume of 324,954 shares, compared to its average volume of 1,241,705. The firm has a market capitalization of $1.87 billion, a P/E ratio of 310.22 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $33.51. The firm has a 50 day moving average of $18.82 and a 200-day moving average of $19.33.

CVR Energy (NYSE:CVI - Get Free Report) last issued its 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 net margin of 0.09% and a negative return on equity of 5.12%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. On average, research analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 206,571 shares of CVR Energy stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $17.79 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have bought 1,592,723 shares of company stock worth $27,750,649. 0.01% of the stock is currently owned by insiders.

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.