Two Sigma Advisers LP Cuts Stock Position in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Advisers LP decreased its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 about 0.48% of CVR Energy worth $8,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CVI. Barclays PLC boosted its stake in CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after acquiring an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CVR Energy by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock valued at $14,675,000 after purchasing an additional 143,941 shares during the period. D.A. Davidson & CO. bought a new position in shares of CVR Energy during the 4th quarter worth about $736,000. Vanguard Group Inc. grew its stake in shares of CVR Energy by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after buying an additional 154,125 shares during the period. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in shares of CVR Energy in the 4th quarter valued at about $637,000. Institutional investors own 98.88% of the company's stock.

Wall Street Analyst Weigh In

CVI has been the topic of several recent research reports. Wall Street Zen lowered CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Mizuho raised 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. Scotiabank reiterated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Finally, The Goldman Sachs Group lowered their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Six 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, the stock currently has a consensus rating of "Reduce" and a consensus target price of $23.00.

CVR Energy Stock Down 3.4%

NYSE CVI traded down $0.82 on Wednesday, reaching $23.04. The company had a trading volume of 1,077,448 shares, compared to its average volume of 1,242,826. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The company's fifty day moving average is $19.91 and its 200 day moving average is $19.43. CVR Energy, Inc. has a 52-week low of $15.10 and a 52-week high of $30.17. The stock has a market capitalization of $2.32 billion, a P/E ratio of 384.06 and a beta of 1.02.

CVR Energy (NYSE:CVI - Get Free Report) last announced its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) 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 during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 3,610 shares of the company's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $18.24 per share, with a total value of $65,846.40. Following the transaction, the insider now directly owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 1,641,760 shares of company stock valued at $28,641,557. Corporate insiders own 0.01% of the company's stock.

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.