LPL Financial LLC Sells 35,960 Shares of CVR Energy, Inc. (NYSE:CVI)

LPL Financial LLC trimmed its holdings in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 76.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC lifted its stake in CVR Energy by 214.3% in the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after acquiring an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in CVR Energy by 22.5% during the fourth 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 purchasing an additional 143,941 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in CVR Energy in the 4th quarter worth approximately $736,000. Groesbeck Investment Management Corp NJ acquired a new stake in CVR Energy during the fourth quarter valued at $637,000. Finally, American Century Companies Inc. increased its position in CVR Energy by 13.4% in the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock worth $12,991,000 after purchasing an additional 81,647 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Up 4.4 %

Shares of CVR Energy stock traded up $0.86 during trading hours on Friday, reaching $20.21. The company's stock had a trading volume of 1,011,715 shares, compared to its average volume of 1,240,547. CVR Energy, Inc. has a one year low of $15.10 and a one year high of $30.44. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The stock's fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $19.22. The company has a market capitalization of $2.03 billion, a P/E ratio of 336.89 and a beta of 1.26.

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) EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. CVR Energy's revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on CVI. Scotiabank reduced their price objective on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a research note on Friday, April 11th. Mizuho increased their price objective on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. StockNews.com cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, 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. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat.com, CVR Energy currently has an average rating of "Reduce" and a consensus price target of $21.20.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn purchased 244,200 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the purchase, the insider now directly owns 69,107,178 shares in the company, valued at approximately $1,113,316,637.58. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 1,641,760 shares of company stock valued at $28,641,557 over the last three months. 0.01% of the stock is owned by company insiders.

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.