GAMMA Investing LLC Buys 40,840 Shares of CVR Energy Inc. (NYSE:CVI)

GAMMA Investing LLC boosted its holdings in shares of CVR Energy Inc. (NYSE:CVI - Free Report) by 3,908.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,885 shares of the oil and gas company's stock after purchasing an additional 40,840 shares during the period. GAMMA Investing LLC's holdings in CVR Energy were worth $813,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in CVR Energy by 22.5% during the 4th 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. purchased a new position in CVR Energy during the 4th quarter valued at about $736,000. Vanguard Group Inc. increased its holdings in CVR Energy by 3.9% during 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 purchasing an additional 154,125 shares during the period. Millennium Management LLC increased its holdings in CVR Energy by 1,203.0% during the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock valued at $5,362,000 after purchasing an additional 264,143 shares during the period. Finally, American Century Companies Inc. increased its holdings in CVR Energy by 13.4% during the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock valued at $12,991,000 after purchasing an additional 81,647 shares during the period. Hedge funds and other institutional investors own 98.88% of the company's stock.

CVR Energy Stock Up 0.3%

CVR Energy stock traded up $0.09 during trading hours on Friday, hitting $27.50. 1,312,551 shares of the stock traded hands, compared to its average volume of 1,229,290. The firm's 50-day moving average price is $22.31 and its two-hundred day moving average price is $20.19. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 2.47. The company has a market cap of $2.76 billion, a PE ratio of -13.96 and a beta of 1.13. CVR Energy Inc. has a one year low of $15.10 and a one year high of $29.84.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data 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 12.66% and a negative net margin of 2.68%. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the previous year, the firm posted $0.04 EPS. The business's revenue was down 11.6% on a year-over-year basis. On average, research analysts forecast that CVR Energy Inc. will post -0.12 EPS for the current year.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 244,200 shares of the company's stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $16.11 per share, with a total value of $3,934,062.00. Following the transaction, the insider now directly owns 69,107,178 shares in the company, valued at $1,113,316,637.58. This trade represents a 0.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 1,027,432 shares of company stock valued at $17,618,998 in the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. The Goldman Sachs Group reduced their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Mizuho lifted their price objective on 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 reaffirmed an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, CVR Energy presently has a consensus rating of "Reduce" and a consensus 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.