Aquatic Capital Management LLC Sells 45,846 Shares of CVR Energy, Inc. (NYSE:CVI)

Aquatic Capital Management LLC trimmed its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 93.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,054 shares of the oil and gas company's stock after selling 45,846 shares during the period. Aquatic Capital Management LLC's holdings in CVR Energy were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in CVR Energy by 55.3% in 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 acquiring an additional 731 shares during the period. IHT Wealth Management LLC raised its holdings in 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 worth $191,000 after purchasing an additional 1,275 shares in the last quarter. New York State Teachers Retirement System raised its holdings in CVR Energy by 11.3% in the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock worth $259,000 after purchasing an additional 1,400 shares in the last quarter. Rhumbline Advisers lifted its position in shares of CVR Energy by 1.3% in the 4th quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company's stock worth $2,156,000 after purchasing an additional 1,479 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy during the 3rd quarter valued at about $43,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Stock Up 5.9%

CVI stock traded up $1.27 during midday trading on Monday, hitting $22.61. The company's stock had a trading volume of 229,286 shares, compared to its average volume of 1,234,735. The firm's 50-day moving average is $18.93 and its 200-day moving average is $19.03. 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 market cap of $2.27 billion, a PE ratio of 377.20 and a beta of 1.02.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of 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 research report on Wednesday, April 30th. Scotiabank reiterated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Finally, Mizuho raised their price objective on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Six equities research 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 currently has a consensus rating of "Reduce" and a consensus price target of $22.20.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn bought 206,571 shares of the company's stock in a transaction on Monday, March 3rd. The shares were acquired 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 owns 67,780,774 shares of the company's stock, valued at approximately $1,205,819,969.46. This trade represents a 0.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 1,641,760 shares of company stock worth $28,641,557 over the last three months. 0.01% of the stock is currently owned by company insiders.

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.