Two Sigma Investments LP Increases Stake in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Investments LP increased its position in CVR Energy, Inc. (NYSE:CVI) by 56.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 750,195 shares of the oil and gas company’s stock after acquiring an additional 269,763 shares during the quarter. Two Sigma Investments LP owned about 0.75% of CVR Energy worth $14,059,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in CVR Energy in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its holdings in CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after buying an additional 731 shares during the period. IHT Wealth Management LLC boosted its holdings in CVR Energy by 14.3% in the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock worth $191,000 after buying an additional 1,275 shares during the period. ProShare Advisors LLC purchased a new stake in CVR Energy during the 4th quarter worth about $193,000. Finally, Numerai GP LLC purchased a new stake in CVR Energy during the 4th quarter worth about $228,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analysts Set New Price Targets

CVI has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Wall Street Zen lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Mizuho lifted their target price on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group cut their price target on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, CVR Energy currently has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Down 1.5%

Shares of NYSE CVI opened at $23.53 on Friday. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $30.28. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 392.28 and a beta of 1.02. The business has a 50-day moving average of $19.83 and a 200-day moving average of $19.31.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.90) by $0.32. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. CVR Energy’s revenue was down 11.6% on a year-over-year basis. Sell-side analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 244,200 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $16.11 per share, with a total value of $3,934,062.00. Following the acquisition, the insider now owns 69,107,178 shares in the company, valued at approximately $1,113,316,637.58. This represents a 0.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 1,641,760 shares of company stock valued at $28,641,557. Insiders own 0.01% of the company’s stock.

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.