First Trust Advisors LP Trims Stock Position in CVR Energy, Inc. (NYSE:CVI)

First Trust Advisors LP decreased its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,783 shares of the oil and gas company's stock after selling 65,710 shares during the period. First Trust Advisors LP owned about 0.25% of CVR Energy worth $4,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of 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 purchased a new stake in shares of CVR Energy in the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its stake in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 731 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of CVR Energy by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock worth $259,000 after buying an additional 1,400 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of CVR Energy by 39.4% during the 4th quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock valued at $262,000 after acquiring an additional 3,953 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Performance

Shares of CVI stock traded down $0.21 during trading hours on Wednesday, reaching $20.61. 857,864 shares of the company traded hands, compared to its average volume of 1,240,078. The firm has a 50-day moving average price of $18.79 and a 200 day moving average price of $19.11. The company has a market cap of $2.07 billion, a P/E ratio of 343.51 and a beta of 1.02. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $30.44. 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 (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 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The business's revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CVI. StockNews.com lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Mizuho raised their target price on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research report on Monday. Finally, The Goldman Sachs Group cut their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $22.20.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn acquired 3,610 shares of the firm's stock in a transaction on Friday, February 28th. The shares were bought at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the acquisition, the insider now owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have acquired 1,641,760 shares of company stock worth $28,641,557. 0.01% of the stock is owned by company insiders.

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.