GAMMA Investing LLC Increases Holdings in CVR Energy Inc. (NYSE:CVI)

GAMMA Investing LLC increased its stake 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 disclosure with the SEC. The institutional investor owned 41,885 shares of the oil and gas company's stock after buying an additional 40,840 shares during the quarter. GAMMA Investing LLC's holdings in CVR Energy were worth $813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in 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 worth $14,675,000 after buying an additional 143,941 shares in the last quarter. D.A. Davidson & CO. acquired a new position in CVR Energy during the 4th quarter worth $736,000. Vanguard Group Inc. grew its stake 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 worth $77,496,000 after purchasing an additional 154,125 shares in the last quarter. Millennium Management LLC boosted its position in shares of 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 worth $5,362,000 after acquiring an additional 264,143 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of 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 worth $12,991,000 after acquiring an additional 81,647 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

CVR Energy Stock Up 2.2%

NYSE:CVI opened at $28.27 on Wednesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.85 and a current ratio of 1.32. The stock has a 50-day simple moving average of $21.71 and a 200 day simple moving average of $20.03. CVR Energy Inc. has a one year low of $15.10 and a one year high of $29.84. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -14.35 and a beta of 1.13.

CVR Energy (NYSE:CVI - Get Free Report) last released 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. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.61 billion. CVR Energy had a negative return on equity of 12.66% and a negative net margin of 2.68%. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. Sell-side analysts predict that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CVI shares. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Mizuho increased their price target on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Scotiabank reaffirmed 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 issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $23.00.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 61,108 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of $18.12 per share, for a total transaction of $1,107,276.96. Following the completion of the transaction, the insider now owns 68,595,378 shares in the company, valued at $1,242,948,249.36. This represents a 0.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,027,432 shares of company stock valued at $17,618,998 over the last quarter. Corporate insiders own 0.01% of the company's stock.

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.

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