LPL Financial LLC Has $206,000 Stock Position in CVR Energy, Inc. (NYSE:CVI)

LPL Financial LLC cut its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 76.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,990 shares of the oil and gas company's stock after selling 35,960 shares during the period. LPL Financial LLC's holdings in CVR Energy were worth $206,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC grew 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy in the 3rd quarter valued at $43,000. SG Americas Securities LLC increased its holdings in CVR Energy by 14.3% in the 4th quarter. SG Americas Securities LLC now owns 24,319 shares of the oil and gas company's stock valued at $456,000 after purchasing an additional 3,050 shares in the last quarter. Exchange Traded Concepts LLC raised its position in CVR Energy by 25.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 93,766 shares of the oil and gas company's stock valued at $1,757,000 after purchasing an additional 19,265 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of CVR Energy in the fourth quarter worth about $36,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn bought 206,571 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $17.79 per share, with a total value of $3,674,898.09. Following the completion of the transaction, the insider now directly owns 67,780,774 shares of the company's stock, valued at $1,205,819,969.46. This represents a 0.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 1,641,760 shares of company stock worth $28,641,557 in the last three months. 0.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CVI shares. StockNews.com lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Scotiabank lifted their price objective on shares of CVR Energy from $16.00 to $21.00 and gave the stock a "sector underperform" rating in a report on Monday. Mizuho upped their target price on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group reduced their price objective on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $22.20.

CVR Energy Price Performance

NYSE:CVI traded up $0.37 during trading hours on Monday, reaching $20.57. 60,379 shares of the company's stock were exchanged, compared to its average volume of 1,235,481. 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 company has a market capitalization of $2.07 billion, a P/E ratio of 343.49 and a beta of 1.02. CVR Energy, Inc. has a 12 month low of $15.10 and a 12 month high of $30.44. The business's 50-day simple moving average is $18.71 and its two-hundred day simple moving average is $19.16.

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

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.