Barclays PLC Sells 12,776 Shares of CVR Energy, Inc. (NYSE:CVI)

Barclays PLC lessened its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,254 shares of the oil and gas company's stock after selling 12,776 shares during the period. Barclays PLC owned 0.06% of CVR Energy worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP lifted its holdings in 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 worth $5,493,000 after purchasing an additional 258,436 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 154,125 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of CVR Energy by 625.0% in the fourth quarter. Wells Fargo & Company MN now owns 167,401 shares of the oil and gas company's stock valued at $3,137,000 after acquiring an additional 144,311 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $14,675,000 after acquiring an additional 143,941 shares in the last quarter. Finally, Norges Bank bought a new position in CVR Energy during the fourth quarter worth about $2,311,000. Institutional investors and hedge funds own 98.88% of the company's stock.

Analysts Set New Price Targets

CVI has been the topic of a number of analyst reports. Scotiabank restated an "underperform" rating on shares of CVR Energy in a research report on Monday. Mizuho raised their price objective on 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 downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group decreased their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat.com, CVR Energy has an average rating of "Reduce" and an average target price of $22.20.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn purchased 3,610 shares of the business's stock in a transaction dated Friday, February 28th. The shares were 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 1,641,760 shares of company stock worth $28,641,557 in the last 90 days. Insiders own 0.01% of the company's stock.

CVR Energy Price Performance

CVR Energy stock traded down $0.21 during midday trading on Wednesday, reaching $20.61. The company's stock had a trading volume of 857,864 shares, compared to its average volume of 1,240,076. 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 stock has a market cap of $2.07 billion, a PE ratio of 343.51 and a beta of 1.02. CVR Energy, Inc. has a 52 week low of $15.10 and a 52 week high of $30.44. The business has a 50-day moving average price of $18.79 and a 200-day moving average price of $19.11.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates of ($0.90) by $0.32. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.04 earnings per share. On average, sell-side analysts predict 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.