CVR Energy, Inc. (NYSE:CVI) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 1,203.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 286,100 shares of the oil and gas company's stock after purchasing an additional 264,143 shares during the period. Millennium Management LLC owned 0.28% of CVR Energy worth $5,362,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of CVR Energy in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its holdings in CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 731 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of CVR Energy by 14.3% during the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock worth $191,000 after purchasing an additional 1,275 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new position in shares of CVR Energy during the fourth quarter worth $242,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock valued at $259,000 after purchasing an additional 1,400 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn acquired 244,200 shares of CVR Energy stock in a transaction on Monday, April 7th. The stock was bought at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the completion of the purchase, the insider now owns 69,107,178 shares in the company, valued at $1,113,316,637.58. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders bought 1,638,150 shares of company stock worth $28,575,710. Corporate insiders own 0.01% of the company's stock.

CVR Energy Trading Down 0.5%

CVI stock traded down $0.12 during mid-day trading on Friday, hitting $23.38. 991,874 shares of the company were exchanged, compared to its average volume of 1,242,823. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $29.84. The firm has a market capitalization of $2.35 billion, a P/E ratio of 389.73 and a beta of 1.02. The business has a fifty day simple moving average of $20.08 and a 200-day simple moving average of $19.51. 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 (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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $0.04 EPS. CVR Energy's revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CVI shares. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. Mizuho upped their price target 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. The Goldman Sachs Group lowered their price objective 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, Wall Street Zen lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. 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, the stock has a consensus rating of "Reduce" and a consensus price target of $23.00.

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.