Voleon Capital Management LP Acquires Shares of 14,023 CVR Energy, Inc. (NYSE:CVI)

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

Several other institutional investors also recently modified their holdings of CVI. R Squared Ltd purchased a new position in CVR Energy in the fourth quarter worth $36,000. PNC Financial Services Group Inc. increased its holdings in CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after buying an additional 731 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy in the third quarter worth about $43,000. IHT Wealth Management LLC lifted its stake in CVR Energy by 14.3% in the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock valued at $191,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. purchased a new stake in CVR Energy in the 4th quarter worth about $242,000. 98.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a report on Monday. The Goldman Sachs Group dropped their price objective on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Mizuho increased their price target on shares of CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, StockNews.com cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $22.20.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 206,571 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $17.79 per share, with a total value of $3,674,898.09. Following the purchase, the insider now owns 67,780,774 shares in the company, valued at approximately $1,205,819,969.46. The trade was a 0.31 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 1,641,760 shares of company stock valued at $28,641,557 over the last three months. Insiders own 0.01% of the company's stock.

CVR Energy Price Performance

Shares of NYSE:CVI traded down $0.29 during trading on Wednesday, reaching $20.53. The company had a trading volume of 180,279 shares, compared to its average volume of 1,237,247. The stock has a market capitalization of $2.06 billion, a P/E ratio of 341.27 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $30.44. The company has a fifty day moving average of $18.75 and a two-hundred day moving average of $19.10.

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

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.