Two Sigma Investments LP Has $14.06 Million Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVI. Thomist Capital Management LP bought a new position in shares of CVR Energy during the 4th quarter valued at $781,000. Redwood Investment Management LLC raised its holdings in shares of CVR Energy by 27.3% during the 4th quarter. Redwood Investment Management LLC now owns 24,683 shares of the oil and gas company's stock valued at $463,000 after purchasing an additional 5,300 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of CVR Energy during the 4th quarter valued at $193,000. Numerai GP LLC bought a new position in shares of CVR Energy during the 4th quarter valued at $228,000. Finally, Millennium Management LLC raised its holdings 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 valued at $5,362,000 after purchasing an additional 264,143 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.

Analyst Ratings Changes

CVI has been the topic of several recent analyst reports. Scotiabank reiterated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Mizuho lifted their target price 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. The Goldman Sachs Group dropped their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Finally, Wall Street Zen downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, CVR Energy has a consensus rating of "Reduce" and an average price target of $23.00.

CVR Energy Trading Up 0.2%

Shares of CVR Energy stock traded up $0.04 on Thursday, hitting $23.08. 137,027 shares of the company's stock traded hands, compared to its average volume of 1,239,815. The firm's 50-day moving average price is $19.94 and its two-hundred day moving average price is $19.46. The stock has a market capitalization of $2.32 billion, a PE ratio of 385.06 and a beta of 1.02. CVR Energy, Inc. has a one year low of $15.10 and a one year high of $29.84. 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 quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS 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 business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the company earned $0.04 EPS. The firm's quarterly revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn bought 206,571 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 67,780,774 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. Insiders acquired a total of 1,641,760 shares of company stock worth $28,641,557 in the last three months. Insiders own 0.01% of the company's stock.

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.