CVR Energy Inc. (NYSE:CVI) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 106.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,159 shares of the oil and gas company’s stock after buying an additional 1,114 shares during the period. GAMMA Investing LLC’s holdings in CVR Energy were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in CVR Energy by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 15,147 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 4,547 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in CVR Energy by 22.5% in the 4th 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 period. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 731 shares during the period. Kennondale Capital Management LLC acquired a new position in CVR Energy in the 4th quarter worth approximately $616,000. Finally, Intech Investment Management LLC boosted its stake in CVR Energy by 39.4% in the 4th quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 3,953 shares during the period. 98.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CVR Energy Trading Up 5.4%

Shares of NYSE:CVI opened at $32.55 on Friday. The firm has a fifty day moving average of $25.18 and a two-hundred day moving average of $21.14. The firm has a market capitalization of $3.27 billion, a P/E ratio of -16.52 and a beta of 1.16. CVR Energy Inc. has a 12-month low of $15.10 and a 12-month high of $32.67. The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 2.47.

CVR Energy (NYSE:CVI) last issued its 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. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a negative net margin of 2.68% and a negative return on equity of 12.66%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts expect that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 98,875 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $17.84 per share, for a total transaction of $1,763,930.00. Following the acquisition, the insider owned 70,339,251 shares of the company’s stock, valued at $1,254,852,237.84. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 326,066 shares of company stock worth $5,862,228. 0.01% of the stock is currently owned by company 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.