Guggenheim Capital LLC Buys 19,186 Shares of CVR Energy, Inc. (NYSE:CVI)

Guggenheim Capital LLC lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,629 shares of the oil and gas company's stock after buying an additional 19,186 shares during the quarter. Guggenheim Capital LLC's holdings in CVR Energy were worth $893,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in CVR Energy during the fourth quarter worth about $36,000. PNC Financial Services Group Inc. increased 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in CVR Energy during the third quarter worth $43,000. New York State Teachers Retirement System boosted 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 purchasing an additional 1,400 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in CVR Energy by 39.4% in the fourth quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company's stock valued at $262,000 after purchasing an additional 3,953 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 3,610 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $18.24 per share, with a total value of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 1,633,853 shares of company stock valued at $28,497,570 in the last quarter. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

CVI has been the topic of several recent research reports. Mizuho boosted their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Scotiabank decreased their price objective on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group cut their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $21.20.

CVR Energy Price Performance

CVI stock traded down $0.10 on Tuesday, hitting $18.62. 281,411 shares of the company's stock traded hands, compared to its average volume of 1,240,704. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 308.45 and a beta of 1.26. The stock has a fifty day moving average of $18.79 and a 200-day moving average of $19.29. CVR Energy, Inc. has a 1-year low of $15.10 and a 1-year high of $33.51.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping analysts' consensus estimates of ($0.90) by $0.32. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.04 EPS. The business's quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

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.