39,290 Shares in CVR Energy, Inc. (NYSE:CVI) Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in CVR Energy, Inc. (NYSE:CVI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 39,290 shares of the oil and gas company’s stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of CVR Energy by 9.6% in the third quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company’s stock worth $224,000 after buying an additional 849 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of CVR Energy by 11.3% in the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock worth $259,000 after buying an additional 1,400 shares in the last quarter. Rhumbline Advisers raised its position in shares of CVR Energy by 1.3% in the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company’s stock worth $2,156,000 after buying an additional 1,479 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of CVR Energy by 12.2% in the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the oil and gas company’s stock worth $380,000 after buying an additional 1,800 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of CVR Energy in the third quarter worth $43,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Up 3.4 %

NYSE CVI opened at $21.04 on Tuesday. The stock’s 50-day simple moving average is $19.27 and its two-hundred day simple moving average is $21.03. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. 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 company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 350.69 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. Research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CVI. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Mizuho raised their price target on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, CVR Energy has an average rating of “Reduce” and an average target price of $23.00.

Insider Activity

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the purchase, the insider now owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.01% of the company’s stock.

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.