Northern Trust Corp Raises Position in CVR Energy, Inc. (NYSE:CVI)

Northern Trust Corp lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 400,624 shares of the oil and gas company's stock after buying an additional 35,130 shares during the period. Northern Trust Corp owned about 0.40% of CVR Energy worth $7,508,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CVI. R Squared Ltd acquired a new stake in CVR Energy in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its stake in 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 purchasing an additional 731 shares during the last quarter. IHT Wealth Management LLC lifted its stake in 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 purchasing an additional 1,275 shares during the last quarter. Susquehanna Advisors Group Inc. acquired a new stake in CVR Energy in the 4th quarter valued at about $242,000. Finally, New York State Teachers Retirement System lifted its position in CVR Energy by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company's stock worth $259,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn bought 206,571 shares of the stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $17.79 per share, for a total transaction of $3,674,898.09. Following the purchase, the insider now directly owns 67,780,774 shares of the company's stock, valued at $1,205,819,969.46. This trade represents a 0.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 1,641,760 shares of company stock valued at $28,641,557. Company insiders own 0.01% of the company's stock.

CVR Energy Stock Performance

Shares of CVR Energy stock traded down $0.36 on Friday, reaching $23.53. 1,034,033 shares of the company traded hands, compared to its average volume of 1,243,630. CVR Energy, Inc. has a 52 week low of $15.10 and a 52 week high of $30.17. The company has a 50 day moving average of $19.83 and a 200 day moving average of $19.33. The firm has a market capitalization of $2.37 billion, a PE ratio of 392.28 and a beta of 1.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86.

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 analysts' consensus estimates 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 firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $0.04 EPS. The company's revenue was down 11.6% compared to the same quarter last year. Equities analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen cut shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their price objective on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Mizuho lifted 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. Finally, Scotiabank reissued an "underperform" rating on shares of CVR Energy in a research note on Monday, May 5th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price 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.