BNP Paribas Financial Markets Purchases 107,293 Shares of CVR Energy, Inc. (NYSE:CVI)

BNP Paribas Financial Markets boosted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 672.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,258 shares of the oil and gas company’s stock after acquiring an additional 107,293 shares during the period. BNP Paribas Financial Markets owned 0.12% of CVR Energy worth $2,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in CVR Energy by 214.3% during the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock valued at $1,797,000 after buying an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CVR Energy by 22.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock valued at $14,675,000 after buying an additional 143,941 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in CVR Energy during the 4th quarter valued at approximately $736,000. Vanguard Group Inc. grew 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. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in CVR Energy during the 4th quarter valued at approximately $637,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Down 1.5%

Shares of CVI opened at $24.00 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $30.44. The stock has a market capitalization of $2.41 billion, a PE ratio of 400.07 and a beta of 1.02. The company’s fifty day moving average is $19.45 and its 200 day moving average is $19.08.

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 for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. Sell-side analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 206,571 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $17.79 per share, for a total transaction of $3,674,898.09. Following the completion of the transaction, the insider now directly owns 67,780,774 shares of the company’s stock, valued at approximately $1,205,819,969.46. The trade was a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 1,641,760 shares of company stock worth $28,641,557 over the last quarter. Insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Mizuho increased their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reduced their price target on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.00.

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.