CVR Energy, Inc. (NYSE:CVI) Stake Cut by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in CVR Energy, Inc. (NYSE:CVI) by 53.2% in the 4th quarter, Holdings Channel reports. The fund owned 162,807 shares of the oil and gas company’s stock after selling 185,162 shares during the period. Victory Capital Management Inc.’s holdings in CVR Energy were worth $3,051,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in CVR Energy in the 4th quarter worth about $36,000. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy during the 3rd quarter valued at approximately $43,000. Larson Financial Group LLC boosted its stake in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 2,698 shares during the period. FMR LLC boosted its stake in CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 2,049 shares during the period. Finally, Townsquare Capital LLC bought a new stake in shares of CVR Energy in the 3rd quarter worth approximately $221,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Up 5.3 %

NYSE CVI opened at $19.28 on Monday. The stock has a fifty day moving average of $19.33 and a 200-day moving average of $20.38. The stock has a market capitalization of $1.94 billion, a P/E ratio of 321.30 and a beta of 1.55. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. 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 (NYSE:CVI) last released its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. On average, equities research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CVI. Mizuho raised their price objective on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Five equities 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, the company has an average rating of “Reduce” and a consensus price target of $23.00.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn bought 3,610 shares of CVR Energy stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the acquisition, the insider now owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. The trade was a 0.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 1,492,463 shares of company stock valued at $27,048,523 over the last three months. Company insiders own 0.01% of the company’s stock.

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.