Price T Rowe Associates Inc. MD Purchases 1,903 Shares of CVR Energy, Inc. (NYSE:CVI)

Price T Rowe Associates Inc. MD increased its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,111 shares of the oil and gas company’s stock after buying an additional 1,903 shares during the period. Price T Rowe Associates Inc. MD’s holdings in CVR Energy were worth $490,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. ExodusPoint Capital Management LP lifted its position in shares of CVR Energy by 744.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company’s stock worth $5,493,000 after purchasing an additional 258,436 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CVR Energy by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock worth $40,876,000 after purchasing an additional 238,081 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock worth $77,496,000 after purchasing an additional 154,125 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of CVR Energy by 625.0% during the fourth quarter. Wells Fargo & Company MN now owns 167,401 shares of the oil and gas company’s stock worth $3,137,000 after purchasing an additional 144,311 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CVR Energy by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock worth $14,675,000 after purchasing an additional 143,941 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

CVI stock opened at $23.01 on Wednesday. The stock has a 50-day moving average price of $19.10 and a two-hundred day moving average price of $19.02. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $30.44. 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 company has a market cap of $2.31 billion, a PE ratio of 383.56 and a beta of 1.02.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, research analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current year.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn bought 3,610 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares of the company’s stock, valued at approximately $1,232,553,462.72. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 1,641,760 shares of company stock valued at $28,641,557 over the last quarter. Company insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CVI. Scotiabank restated an “underperform” rating on shares of CVR Energy in a research note on Monday, May 5th. Mizuho raised their price target on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group cut their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus 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.