CVR Energy Inc. (NYSE:CVI) Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of CVR Energy Inc. (NYSE:CVI - Free Report) by 41.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,358 shares of the oil and gas company's stock after selling 9,961 shares during the quarter. SG Americas Securities LLC's holdings in CVR Energy were worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CVI. Harbor Capital Advisors Inc. lifted its holdings in CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 646 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CVR Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock valued at $364,000 after buying an additional 683 shares during the period. PNC Financial Services Group Inc. raised its position in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after buying an additional 731 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CVR Energy by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company's stock worth $1,130,000 after acquiring an additional 1,035 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of CVR Energy by 106.6% in the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 1,114 shares in the last quarter. Institutional investors own 98.88% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn purchased 7,907 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $18.21 per share, for a total transaction of $143,986.47. Following the completion of the acquisition, the insider directly owned 70,418,471 shares of the company's stock, valued at $1,282,320,356.91. The trade was a 0.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 1,027,432 shares of company stock worth $17,618,998 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

CVR Energy Price Performance

Shares of CVI traded down $0.31 during trading hours on Monday, hitting $26.88. 1,030,788 shares of the company were exchanged, compared to its average volume of 1,236,761. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.32 and a quick ratio of 0.85. The company has a market capitalization of $2.70 billion, a PE ratio of -13.64 and a beta of 1.13. The firm has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $20.52. CVR Energy Inc. has a one year low of $15.10 and a one year high of $38.02.

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 business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a negative return on equity of 12.66% and a negative net margin of 2.68%. CVR Energy's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. As a group, sell-side analysts predict that CVR Energy Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CVI has been the topic of several recent analyst reports. Scotiabank reissued an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group cut their price objective on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Finally, Mizuho raised their target price on CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the stock 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.