Crestline Management LP Acquires 12,290 Shares of CVR Energy, Inc. (NYSE:CVI)

Crestline Management LP increased its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 72.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,362 shares of the oil and gas company's stock after acquiring an additional 12,290 shares during the quarter. Crestline Management LP's holdings in CVR Energy were worth $550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in CVR Energy by 214.3% in the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after acquiring an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock worth $14,675,000 after acquiring an additional 143,941 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in CVR Energy in the 4th quarter worth approximately $736,000. Vanguard Group Inc. increased its holdings in 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 worth $77,496,000 after acquiring an additional 154,125 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in CVR Energy in the 4th quarter worth approximately $637,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVI has been the subject of several analyst reports. The Goldman Sachs Group dropped 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. Scotiabank reissued an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Mizuho boosted their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, CVR Energy has an average rating of "Reduce" and an average price target of $23.00.

Insider Activity

In related news, major shareholder Carl C. Icahn bought 3,610 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost 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 $1,232,553,462.72. This trade represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have bought 1,641,760 shares of company stock valued at $28,641,557. 0.01% of the stock is currently owned by company insiders.

CVR Energy Price Performance

Shares of CVI stock traded up $0.30 on Thursday, reaching $23.74. The company's stock had a trading volume of 297,410 shares, compared to its average volume of 1,235,213. The stock's fifty day simple moving average is $19.21 and its 200-day simple moving average is $19.05. CVR Energy, Inc. has a 1 year low of $15.10 and a 1 year high of $30.44. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 395.33 and a beta of 1.02.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly 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 negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $0.04 earnings per share. CVR Energy's revenue was down 11.6% on a year-over-year basis. Analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share 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.