CVR Energy, Inc. (NYSE:CVI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in CVR Energy, Inc. (NYSE:CVI) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,674 shares of the oil and gas company’s stock after acquiring an additional 4,830 shares during the period. Principal Financial Group Inc. owned 0.17% of CVR Energy worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after acquiring an additional 81,590 shares in the last quarter. Barclays PLC increased its holdings 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 valued at $1,797,000 after purchasing an additional 53,203 shares during the last quarter. Royce & Associates LP increased its holdings in 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 purchasing an additional 37,130 shares during the last quarter. State Street Corp increased its holdings in CVR Energy by 18.1% in the 3rd 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 during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in CVR Energy in the 3rd quarter valued at approximately $5,335,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 3,610 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the transaction, the insider now owns 67,574,203 shares of the company’s stock, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 1,088,393 shares of company stock valued at $19,768,113. Company insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group cut their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Finally, Mizuho lifted their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, CVR Energy currently has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Up 1.8 %

CVI stock opened at $18.02 on Wednesday. The company has a market cap of $1.81 billion, a P/E ratio of 300.38 and a beta of 1.57. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The company’s 50-day moving average price is $19.37 and its 200 day moving average price is $20.75. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15.

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