SG Americas Securities LLC Sells 9,961 Shares of CVR Energy Inc. (NYSE:CVI)

SG Americas Securities LLC lessened its holdings in CVR Energy Inc. (NYSE:CVI) by 41.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,358 shares of the oil and gas company’s stock after selling 9,961 shares during the quarter. SG Americas Securities LLC’s holdings in CVR Energy were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of CVR Energy by 22.5% in 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. Vanguard Group Inc. lifted its holdings in CVR Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after buying an additional 154,125 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 646 shares during the period. Millennium Management LLC grew its stake in CVR Energy by 1,203.0% in the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company’s stock worth $5,362,000 after acquiring an additional 264,143 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of 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 period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analyst Ratings Changes

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

CVR Energy Stock Performance

Shares of CVI stock opened at $26.39 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 2.47. The company has a market cap of $2.65 billion, a PE ratio of -13.40 and a beta of 1.13. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $29.84. The business’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $20.40.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a negative return on equity of 12.66% and a negative net margin of 2.68%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business posted $0.04 earnings per share. The firm’s revenue was down 11.6% compared to the same quarter last year. Analysts expect that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 244,200 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the completion of the transaction, the insider now directly owns 69,107,178 shares in the company, valued at approximately $1,113,316,637.58. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 1,027,432 shares of company stock valued at $17,618,998 in the last three months. 0.01% of the stock is owned by 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.