Ameriprise Financial Inc. Grows Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Ameriprise Financial Inc. increased its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 732,452 shares of the oil and gas company's stock after purchasing an additional 204,101 shares during the quarter. Ameriprise Financial Inc. owned 0.73% of CVR Energy worth $13,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CVI. Barclays PLC raised its position in CVR Energy by 214.3% in the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after purchasing an additional 53,203 shares during the period. SG Americas Securities LLC raised its position in CVR Energy by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 24,319 shares of the oil and gas company's stock worth $456,000 after purchasing an additional 3,050 shares during the period. Exchange Traded Concepts LLC increased its position in shares of CVR Energy by 25.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 93,766 shares of the oil and gas company's stock valued at $1,757,000 after acquiring an additional 19,265 shares during the period. R Squared Ltd purchased a new position in shares of CVR Energy in the fourth quarter valued at about $36,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in shares of CVR Energy in the fourth quarter valued at about $637,000. Hedge funds and other institutional investors own 98.88% of the company's stock.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 3,610 shares of CVR Energy stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 67,574,203 shares of the company's stock, valued at $1,232,553,462.72. This represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased 1,641,760 shares of company stock worth $28,641,557 over the last 90 days. 0.01% of the stock is owned by company insiders.

CVR Energy Trading Down 1.5%

Shares of NYSE CVI traded down $0.36 during midday trading on Friday, hitting $23.53. 1,034,033 shares of the company traded hands, compared to its average volume of 1,241,133. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $30.28. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The stock has a 50-day moving average price of $19.83 and a 200 day moving average price of $19.31. The firm has a market cap of $2.37 billion, a P/E ratio of 392.28 and a beta of 1.02.

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

Analyst Ratings Changes

A number of research firms have issued reports on CVI. The Goldman Sachs Group decreased their price objective on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Wall Street Zen cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Mizuho boosted their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Scotiabank restated an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $23.00.

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.