Jones Financial Companies Lllp Has $284,000 Holdings in CVR Energy, Inc. (NYSE:CVI)

Jones Financial Companies Lllp raised its holdings in CVR Energy, Inc. (NYSE:CVI) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,147 shares of the oil and gas company’s stock after purchasing an additional 4,547 shares during the quarter. Jones Financial Companies Lllp’s holdings in CVR Energy were worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new stake in shares of CVR Energy during the fourth quarter worth $736,000. Principal Financial Group Inc. raised its stake in CVR Energy by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 166,674 shares of the oil and gas company’s stock valued at $3,123,000 after buying an additional 4,830 shares during the period. Congress Asset Management Co. increased its stake in shares of CVR Energy by 8.0% during the fourth quarter. Congress Asset Management Co. now owns 84,626 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 6,237 shares during the period. Rhumbline Advisers increased its stake in shares of CVR Energy by 1.3% during the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company’s stock worth $2,156,000 after purchasing an additional 1,479 shares during the period. Finally, New York State Teachers Retirement System grew its position in CVR Energy by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock worth $259,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

CVI has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Mizuho raised their target price on 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 raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, CVR Energy presently has an average rating of “Reduce” and an average price target of $23.00.

CVR Energy Price Performance

CVR Energy stock opened at $18.01 on Thursday. 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 $19.32 and its two-hundred day moving average price is $20.46. 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 stock has a market cap of $1.81 billion, a P/E ratio of 300.25 and a beta of 1.55.

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

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn purchased 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired 1,492,463 shares of company stock valued at $27,048,523 in the last 90 days. 0.01% of the stock is currently 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.