State of Tennessee Department of Treasury Reduces Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

State of Tennessee Department of Treasury lessened its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 59.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,565 shares of the oil and gas company's stock after selling 12,734 shares during the quarter. State of Tennessee Department of Treasury's holdings in CVR Energy were worth $161,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CVR Energy by 22.5% during the 4th 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 buying an additional 143,941 shares in the last quarter. D.A. Davidson & CO. bought a new stake in CVR Energy during the 4th quarter valued at about $736,000. Vanguard Group Inc. lifted its holdings in CVR Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after buying an additional 154,125 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ bought a new stake in CVR Energy during the 4th quarter valued at about $637,000. Institutional investors own 98.88% of the company's stock.

Wall Street Analyst Weigh In

CVI has been the subject of a number of research analyst reports. StockNews.com lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Mizuho boosted their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Scotiabank restated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Finally, The Goldman Sachs Group reduced their price target on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $22.20.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 7,907 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were bought at an average price of $18.21 per share, with a total value of $143,986.47. Following the transaction, the insider now owns 70,418,471 shares in the company, valued at approximately $1,282,320,356.91. This trade represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 1,641,760 shares of company stock valued at $28,641,557. Insiders own 0.01% of the company's stock.

CVR Energy Stock Up 1.5%

CVI stock traded up $0.32 on Friday, hitting $21.37. 936,865 shares of the company's stock were exchanged, compared to its average volume of 1,238,616. CVR Energy, Inc. has a 12-month low of $15.10 and a 12-month high of $30.44. The firm has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $19.03. 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 has a market cap of $2.15 billion, a P/E ratio of 356.23 and a beta of 1.02.

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 for the quarter, topping 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned $0.04 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities research analysts expect 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.