Rhumbline Advisers Buys 1,479 Shares of CVR Energy, Inc. (NYSE:CVI)

Rhumbline Advisers raised its stake in CVR Energy, Inc. (NYSE:CVI) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 115,064 shares of the oil and gas company’s stock after acquiring an additional 1,479 shares during the quarter. Rhumbline Advisers’ holdings in CVR Energy were worth $2,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CVI. New York State Teachers Retirement System increased its holdings 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 acquiring an additional 1,400 shares in the last quarter. Polaris Capital Management LLC grew its position in shares of CVR Energy by 33.7% during the 4th quarter. Polaris Capital Management LLC now owns 84,500 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 21,300 shares in the last quarter. Empowered Funds LLC lifted its position in CVR Energy by 65.5% during the fourth quarter. Empowered Funds LLC now owns 19,737 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 7,808 shares during the period. Groesbeck Investment Management Corp NJ acquired a new position in CVR Energy during the fourth quarter valued at approximately $637,000. Finally, R Squared Ltd bought a new stake in shares of CVR Energy during the 4th quarter valued at approximately $36,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

CVR Energy Price Performance

Shares of CVI opened at $17.72 on Tuesday. 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 cap of $1.78 billion, a price-to-earnings ratio of 295.38 and a beta of 1.57. The company has a 50 day moving average of $19.37 and a two-hundred day moving average of $20.80.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results 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). The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. As a group, analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

About CVR Energy

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.