Two Sigma Investments LP Increases Position in CVR Energy, Inc. (NYSE:CVI)

Two Sigma Investments LP boosted its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 750,195 shares of the oil and gas company's stock after purchasing an additional 269,763 shares during the quarter. Two Sigma Investments LP owned approximately 0.75% of CVR Energy worth $14,059,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of CVR Energy during the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted 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 purchasing an additional 731 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of CVR Energy by 14.3% during the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock worth $191,000 after purchasing an additional 1,275 shares in the last quarter. ProShare Advisors LLC purchased a new position in CVR Energy in the fourth quarter valued at $193,000. Finally, Numerai GP LLC acquired a new stake in CVR Energy in the fourth quarter valued at $228,000. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Stock Performance

Shares of NYSE CVI traded up $0.41 during trading hours on Tuesday, reaching $23.91. The stock had a trading volume of 1,207,954 shares, compared to its average volume of 1,243,487. The firm has a 50-day moving average of $19.87 and a 200-day moving average of $19.39. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 398.57 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $30.17.

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. The business 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 company's revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 earnings per share. Equities research analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn bought 7,907 shares of the stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of $18.21 per share, for a total transaction of $143,986.47. Following the purchase, the insider now owns 70,418,471 shares of the company's stock, valued at $1,282,320,356.91. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 1,641,760 shares of company stock valued at $28,641,557 over the last quarter. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. The Goldman Sachs Group decreased their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Wall Street Zen downgraded CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, Mizuho raised their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $23.00.

CVR Energy 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.