BNP Paribas Financial Markets Boosts Stock Position in CVR Energy, Inc. (NYSE:CVI)

BNP Paribas Financial Markets boosted its position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 672.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,258 shares of the oil and gas company's stock after buying an additional 107,293 shares during the quarter. BNP Paribas Financial Markets owned 0.12% of CVR Energy worth $2,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of CVR Energy by 214.3% during the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after purchasing an additional 53,203 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in CVR Energy by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock worth $14,675,000 after purchasing an additional 143,941 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of CVR Energy during the fourth quarter valued at approximately $736,000. Vanguard Group Inc. grew its stake in shares of CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after buying an additional 154,125 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in shares of CVR Energy in the fourth quarter worth approximately $637,000. Institutional investors own 98.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com cut CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Scotiabank reiterated an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. The Goldman Sachs Group cut their price target on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Finally, Mizuho raised their price target on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $23.00.

CVR Energy Stock Up 1.3%

NYSE CVI traded up $0.30 on Thursday, reaching $22.56. 111,353 shares of the stock traded hands, compared to its average volume of 1,234,006. 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 price-to-earnings ratio of 376.28 and a beta of 1.02. The company has a fifty day moving average price of $19.72 and a 200-day moving average price of $19.23. 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 - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The business's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn bought 3,610 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the acquisition, the insider now directly owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 1,641,760 shares of company stock valued at $28,641,557. Company insiders own 0.01% of the company's stock.

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.