Two Sigma Advisers LP Has $8.97 Million Holdings in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Advisers LP decreased its holdings in CVR Energy, Inc. (NYSE:CVI - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC.

A number of other hedge funds also recently made changes to their positions in CVI. R Squared Ltd acquired a new position in shares of CVR Energy in the 4th quarter valued at $36,000. PNC Financial Services Group Inc. raised its stake in shares of 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 buying an additional 731 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of CVR Energy by 14.3% in the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock valued at $191,000 after buying an additional 1,275 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of CVR Energy in the 4th quarter valued at $193,000. Finally, Numerai GP LLC acquired a new position in shares of CVR Energy in the 4th quarter valued at $228,000. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Price Performance

Shares of CVR Energy stock traded up $0.04 during mid-day trading on Thursday, reaching $23.08. 137,027 shares of the stock were exchanged, compared to its average volume of 1,239,815. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 385.06 and a beta of 1.02. 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 firm has a 50-day simple moving average of $19.94 and a 200 day simple moving average of $19.46. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $29.84.

CVR Energy (NYSE:CVI - Get Free Report) last announced its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.90) by $0.32. The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. On average, sell-side analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 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, for a total transaction of $3,934,062.00. Following the transaction, the insider now owns 69,107,178 shares of the company's stock, valued at $1,113,316,637.58. The trade was a 0.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 1,641,760 shares of company stock worth $28,641,557. 0.01% of the stock is currently owned by corporate insiders.

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.