Thomist Capital Management LP Purchases New Position in CVR Energy, Inc. (NYSE:CVI)

Thomist Capital Management LP acquired a new stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,100 shares of the oil and gas company's stock, valued at approximately $781,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its stake in CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after buying an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 acquiring an additional 143,941 shares in the last quarter. D.A. Davidson & CO. bought a new stake in CVR Energy in the fourth quarter valued at about $736,000. Vanguard Group Inc. increased its stake in CVR Energy by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after acquiring an additional 154,125 shares during the period. Finally, Groesbeck Investment Management Corp NJ acquired a new position in CVR Energy in the fourth quarter worth about $637,000. 98.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVI. Mizuho increased their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Wall Street Zen lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their price objective on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Finally, Scotiabank reissued an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, CVR Energy has a consensus rating of "Reduce" and a consensus price target of $23.00.

CVR Energy Trading Down 2.7%

CVI stock traded down $0.64 during trading on Friday, hitting $23.25. The company had a trading volume of 407,822 shares, compared to its average volume of 1,236,988. The firm has a 50-day moving average price of $19.79 and a 200-day moving average price of $19.26. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $30.28. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 386.90 and a beta of 1.02.

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, topping analysts' consensus estimates of ($0.90) by $0.32. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 3,610 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 1,641,760 shares of company stock worth $28,641,557. Company 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.