Rhumbline Advisers Has $2.16 Million Stake in CVR Energy, Inc. (NYSE:CVI)

Rhumbline Advisers raised its stake in CVR Energy, Inc. (NYSE:CVI) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,064 shares of the oil and gas company’s stock after acquiring an additional 1,479 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of CVR Energy worth $2,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after buying an additional 81,590 shares in the last quarter. Barclays PLC boosted its position in shares of CVR Energy by 214.3% in the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock valued at $1,797,000 after acquiring an additional 53,203 shares during the period. Royce & Associates LP raised its holdings in shares of CVR Energy by 58.1% in the 3rd quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock valued at $2,327,000 after acquiring an additional 37,130 shares in the last quarter. State Street Corp raised its position in CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after purchasing an additional 317,475 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of CVR Energy during the 3rd quarter valued at $5,335,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVI. The Goldman Sachs Group decreased their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Mizuho upped their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Trading Down 3.8 %

NYSE CVI opened at $17.72 on Tuesday. The stock has a market capitalization of $1.78 billion, a PE ratio of 295.38 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The firm has a 50 day moving average of $19.37 and a two-hundred day moving average of $20.80.

CVR Energy (NYSE:CVI) last issued its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. As a group, research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.01% of the stock is currently owned by 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.