UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.13 Million Position in CVR Energy, Inc. (NYSE:CVI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,282 shares of the oil and gas company’s stock after purchasing an additional 1,035 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of CVR Energy worth $1,130,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 731 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,275 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of CVR Energy during the 4th quarter worth $193,000. Numerai GP LLC acquired a new stake in shares of CVR Energy during the 4th quarter worth $228,000. Finally, Susquehanna Advisors Group Inc. acquired a new stake in shares of CVR Energy during the 4th quarter worth $242,000. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Price Performance

CVR Energy stock opened at $23.82 on Tuesday. CVR Energy, Inc. has a 52 week low of $15.10 and a 52 week high of $29.84. The business has a 50-day simple moving average of $20.53 and a 200 day simple moving average of $19.72. 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 stock has a market cap of $2.39 billion, a price-to-earnings ratio of 397.00 and a beta of 1.13.

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

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 244,200 shares of the company’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 completion of the transaction, the insider now directly owns 69,107,178 shares of the company’s stock, valued at approximately $1,113,316,637.58. This represents a 0.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 1,166,362 shares of company stock valued at $20,121,145. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CVI shares. Scotiabank restated an “underperform” rating on shares of CVR Energy in a research report on Monday, May 5th. Mizuho upped their price objective on CVR Energy from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, March 27th. Finally, Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.00.

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.