Covalis Capital LLP Acquires Shares of 88,209 CVR Energy, Inc. (NYSE:CVI)

Covalis Capital LLP bought a new position in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 88,209 shares of the oil and gas company's stock, valued at approximately $1,653,000. Covalis Capital LLP owned approximately 0.09% of CVR Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVI. State Street Corp grew its position in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock valued at $47,789,000 after purchasing an additional 317,475 shares during the period. ExodusPoint Capital Management LP boosted its stake in CVR Energy by 744.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock worth $5,493,000 after purchasing an additional 258,436 shares during the period. Dimensional Fund Advisors LP increased its holdings in CVR Energy by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company's stock worth $40,876,000 after purchasing an additional 238,081 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of CVR Energy by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after purchasing an additional 154,125 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of CVR Energy by 625.0% during the fourth quarter. Wells Fargo & Company MN now owns 167,401 shares of the oil and gas company's stock worth $3,137,000 after buying an additional 144,311 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CVI shares. Mizuho raised their price target on shares of CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Scotiabank decreased their price objective on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group reduced their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, CVR Energy currently has a consensus rating of "Reduce" and a consensus target price of $21.20.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 3,610 shares of the company's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the purchase, the insider now owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 1,592,723 shares of company stock worth $27,750,649 in the last ninety days. 0.01% of the stock is owned by insiders.

CVR Energy Stock Performance

NYSE:CVI traded up $0.39 during mid-day trading on Thursday, hitting $18.27. 431,517 shares of the stock were exchanged, compared to its average volume of 1,031,159. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 304.52 and a beta of 1.26. The firm's 50-day simple moving average is $18.82 and its 200 day simple moving average is $19.44.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. As a group, equities analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current fiscal 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.