CVR Energy, Inc. (NYSE:CVI) Position Lessened by Barclays PLC

Barclays PLC cut its stake in shares of 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 & Exchange Commission. The firm owned 65,254 shares of the oil and gas company's stock after selling 12,776 shares during the quarter. Barclays PLC owned about 0.06% of CVR Energy worth $1,222,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy during the 3rd quarter valued at $43,000. R Squared Ltd acquired a new position in CVR Energy in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its holdings in 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 in the last quarter. New York State Teachers Retirement System boosted its stake in shares of CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock worth $259,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of CVR Energy by 39.4% during the fourth quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock worth $262,000 after buying an additional 3,953 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn bought 3,610 shares of CVR Energy stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the acquisition, the insider now owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. This 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. Over the last ninety days, insiders have acquired 1,641,760 shares of company stock valued at $28,641,557. Company insiders own 0.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank reissued an "underperform" rating on shares of CVR Energy in a research note on Monday, May 5th. StockNews.com cut CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Mizuho upped their price target on CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group decreased their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a 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 MarketBeat.com, CVR Energy presently has a consensus rating of "Reduce" and a consensus price target of $22.20.

CVR Energy Stock Performance

Shares of CVI traded up $0.32 during mid-day trading on Friday, hitting $21.37. The stock had a trading volume of 936,865 shares, compared to its average volume of 1,238,616. The company's fifty day simple moving average is $18.93 and its two-hundred day simple moving average is $19.07. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $30.44. The company has a market cap of $2.15 billion, a PE ratio of 356.23 and a beta of 1.02.

CVR Energy (NYSE:CVI - Get Free Report) last posted its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.90) by $0.32. The company had revenue of $1.65 billion for 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 firm's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. On average, equities analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

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.