Bayforest Capital Ltd Lowers Stock Holdings in CVR Energy Inc. $CVI

Bayforest Capital Ltd trimmed its stake in CVR Energy Inc. (NYSE:CVI) by 68.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,055 shares of the oil and gas company’s stock after selling 19,920 shares during the period. Bayforest Capital Ltd’s holdings in CVR Energy were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Energy in the 4th quarter worth approximately $47,000. SG Americas Securities LLC lifted its holdings in CVR Energy by 3.1% during the fourth quarter. SG Americas Securities LLC now owns 28,848 shares of the oil and gas company’s stock worth $734,000 after buying an additional 873 shares during the period. JPMorgan Chase & Co. lifted its holdings in CVR Energy by 38.8% during the third quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock worth $13,867,000 after buying an additional 106,350 shares during the period. Tudor Investment Corp ET AL purchased a new stake in CVR Energy during the third quarter worth $22,217,000. Finally, Advisory Services Network LLC purchased a new stake in CVR Energy during the third quarter worth $428,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings cut shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Scotiabank raised shares of CVR Energy to a “strong sell” rating in a research report on Friday, March 27th. Finally, Mizuho increased their target price on shares of CVR Energy from $28.00 to $32.00 and gave the company an “underperform” rating in a research report on Tuesday, March 17th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, CVR Energy has a consensus rating of “Strong Sell” and an average price target of $31.25.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 275,012 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the completion of the purchase, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 783,404 shares of company stock valued at $16,445,044 in the last quarter. 0.01% of the stock is owned by corporate insiders.

CVR Energy Trading Up 2.7%

Shares of CVR Energy stock opened at $30.23 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 1.95. CVR Energy Inc. has a 12-month low of $17.56 and a 12-month high of $41.67. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 116.25 and a beta of 0.94. The firm’s 50 day simple moving average is $28.36 and its two-hundred day simple moving average is $29.90.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm posted ($0.13) EPS. CVR Energy’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts predict that CVR Energy Inc. will post 1.06 EPS for the current year.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.