14,023 Shares in CVR Energy, Inc. (NYSE:CVI) Acquired by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in CVR Energy, Inc. (NYSE:CVI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,023 shares of the oil and gas company's stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVI. R Squared Ltd acquired a new position in shares of CVR Energy in the fourth quarter worth $36,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 731 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $43,000. IHT Wealth Management LLC grew its stake in shares of CVR Energy by 14.3% in 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 buying an additional 1,275 shares in the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in CVR Energy during the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 98.88% of the company's stock.

Analyst Upgrades and Downgrades

CVI has been the topic of several analyst reports. Scotiabank dropped their price target on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. StockNews.com lowered CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Mizuho increased their price target on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. 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, CVR Energy has an average rating of "Reduce" and a consensus price target of $21.20.

Insider Activity

In other news, major shareholder Carl C. Icahn bought 206,571 shares of CVR Energy stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $17.79 per share, with a total value of $3,674,898.09. Following the completion of the transaction, the insider now directly owns 67,780,774 shares in the company, valued at $1,205,819,969.46. This trade represents a 0.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 1,641,760 shares of company stock valued at $28,641,557. Insiders own 0.01% of the company's stock.

CVR Energy Stock Performance

Shares of NYSE CVI opened at $19.36 on Friday. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $30.44. The company has a market cap of $1.95 billion, a P/E ratio of 322.67 and a beta of 1.26. The business's 50 day moving average is $18.72 and its two-hundred day moving average is $19.25. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI - Get Free Report) last announced its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm posted $0.04 earnings per share. CVR Energy's revenue was down 11.6% compared to the same quarter last year. On average, equities analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.

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.

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