Jacobs Levy Equity Management Inc. Boosts 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% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,313 shares of the oil and gas company's stock after acquiring an additional 207,872 shares during the period. Jacobs Levy Equity Management Inc. owned 0.77% of CVR Energy worth $14,548,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ExodusPoint Capital Management LP raised its holdings in shares of CVR Energy by 744.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock valued at $5,493,000 after buying an additional 258,436 shares during the period. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 238,081 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of CVR Energy by 38.6% in the fourth quarter. Ameriprise Financial Inc. now owns 732,452 shares of the oil and gas company's stock valued at $13,726,000 after buying an additional 204,101 shares during the period. Vanguard Group Inc. raised its position 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 worth $77,496,000 after purchasing an additional 154,125 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in CVR Energy by 625.0% in the 4th quarter. Wells Fargo & Company MN now owns 167,401 shares of the oil and gas company's stock worth $3,137,000 after acquiring an additional 144,311 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 206,571 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $17.79 per share, with a total value of $3,674,898.09. Following the acquisition, the insider now owns 67,780,774 shares of the company's stock, valued at $1,205,819,969.46. This trade represents a 0.31% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 1,641,760 shares of company stock valued at $28,641,557. Corporate insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

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

CVR Energy Stock Performance

Shares of CVR Energy stock traded down $0.36 on Friday, hitting $24.00. The stock had a trading volume of 948,833 shares, compared to its average volume of 1,240,302. CVR Energy, Inc. has a twelve month low of $15.10 and a twelve month high of $30.44. The business's 50 day moving average is $19.45 and its two-hundred day moving average is $19.10. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 400.07 and a beta of 1.02.

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

About CVR Energy

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.