Two Sigma Investments LP Acquires 269,763 Shares of CVR Energy, Inc. (NYSE:CVI)

Two Sigma Investments LP lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 56.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 750,195 shares of the oil and gas company’s stock after buying an additional 269,763 shares during the quarter. Two Sigma Investments LP’s holdings in CVR Energy were worth $14,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVI. R Squared Ltd bought a new position in shares of CVR Energy during the 4th quarter valued at $36,000. PNC Financial Services Group Inc. boosted its holdings in CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 731 shares during the period. IHT Wealth Management LLC boosted its holdings in CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,275 shares during the period. ProShare Advisors LLC purchased a new stake in CVR Energy during the 4th quarter valued at about $193,000. Finally, Numerai GP LLC purchased a new stake in CVR Energy during the 4th quarter valued at about $228,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Down 1.5%

Shares of NYSE:CVI opened at $23.53 on Friday. CVR Energy, Inc. has a 1 year low of $15.10 and a 1 year high of $30.28. The company has a market cap of $2.37 billion, a PE ratio of 392.28 and a beta of 1.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The stock’s 50-day moving average is $19.83 and its 200 day moving average is $19.31.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.32. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. Sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current year.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 206,571 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $17.79 per share, for a total transaction of $3,674,898.09. Following the completion of the acquisition, the insider now directly owns 67,780,774 shares of the company’s stock, valued at approximately $1,205,819,969.46. This represents a 0.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 1,641,760 shares of company stock worth $28,641,557 over the last quarter. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.