Two Sigma Advisers LP Sells 33,200 Shares of CVR Energy, Inc. (NYSE:CVI)

Two Sigma Advisers LP trimmed its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 478,600 shares of the oil and gas company's stock after selling 33,200 shares during the quarter. Two Sigma Advisers LP owned 0.48% of CVR Energy worth $8,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CVI. Barclays PLC boosted its holdings 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 valued at $1,797,000 after purchasing an additional 53,203 shares during the period. SG Americas Securities LLC raised its position in shares of CVR Energy by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 24,319 shares of the oil and gas company's stock valued at $456,000 after buying an additional 3,050 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of CVR Energy by 25.9% during 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 buying an additional 19,265 shares during the last quarter. R Squared Ltd bought a new stake in shares of CVR Energy in the fourth quarter valued at about $36,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in CVR Energy during the fourth quarter worth about $637,000. Institutional investors and hedge funds own 98.88% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 244,200 shares of the stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $16.11 per share, with a total value of $3,934,062.00. Following the completion of the purchase, the insider now owns 69,107,178 shares of the company's stock, valued at approximately $1,113,316,637.58. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 1,641,760 shares of company stock worth $28,641,557. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

CVI has been the subject of several research reports. Mizuho raised their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. The Goldman Sachs Group cut their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Finally, Scotiabank reiterated 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $23.00.

CVR Energy Trading Up 1.7%

CVI stock traded up $0.41 during midday trading on Tuesday, reaching $23.91. The company's stock had a trading volume of 1,207,954 shares, compared to its average volume of 1,243,487. The business's 50-day simple moving average is $19.87 and its 200-day simple moving average is $19.39. 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 52 week low of $15.10 and a 52 week high of $30.17. The stock has a market cap of $2.40 billion, a PE ratio of 398.57 and a beta of 1.02.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly 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. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The firm's quarterly revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts expect 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.