Jacobs Levy Equity Management Inc. Increases Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Jacobs Levy Equity Management Inc. lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,313 shares of the oil and gas company's stock after purchasing an additional 207,872 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.77% of CVR Energy worth $14,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 731 shares during the last quarter. IHT Wealth Management LLC boosted 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 acquiring an additional 1,275 shares in the last quarter. New York State Teachers Retirement System raised its position 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 valued at $259,000 after purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CVR Energy by 1.3% in the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company's stock valued at $2,156,000 after purchasing an additional 1,479 shares during the period. Finally, R Squared Ltd acquired a new stake in CVR Energy in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 98.88% of the company's stock.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 3,610 shares of CVR Energy stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $18.24 per share, with a total value of $65,846.40. Following the acquisition, the insider now owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 1,641,760 shares of company stock worth $28,641,557. Insiders own 0.01% of the company's stock.

CVR Energy Trading Down 1.5%

Shares of CVR Energy stock traded down $0.36 on Friday, hitting $24.00. 948,833 shares of the company's stock traded hands, compared to its average volume of 1,237,540. The firm's 50-day moving average price is $19.33 and its two-hundred day moving average price is $19.08. The stock has a market capitalization of $2.41 billion, a PE ratio of 400.07 and a beta of 1.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. CVR Energy, Inc. has a one year low of $15.10 and a one year high of $30.44.

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

Analysts Set New Price Targets

CVI has been the subject of a number of recent research reports. Mizuho lifted their price objective on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday. Scotiabank restated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. StockNews.com cut CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered their price objective 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. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of "Reduce" and a consensus target price of $23.00.

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.