CVR Energy, Inc. (NYSE:CVI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in CVR Energy, Inc. (NYSE:CVI) by 53.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,807 shares of the oil and gas company’s stock after selling 185,162 shares during the period. Victory Capital Management Inc. owned about 0.16% of CVR Energy worth $3,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of 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 acquiring an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $5,335,000. Charles Schwab Investment Management Inc. increased its holdings in shares of CVR Energy by 22.5% in 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 acquiring an additional 143,941 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of CVR Energy by 134.1% in the 3rd quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company’s stock valued at $4,139,000 after acquiring an additional 102,935 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of CVR Energy by 37.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock valued at $8,108,000 after acquiring an additional 95,371 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Trading Up 5.3 %

NYSE:CVI opened at $19.28 on Monday. CVR Energy, Inc. has a 1 year low of $15.60 and a 1 year high of $38.07. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 321.30 and a beta of 1.55. The business has a fifty day moving average of $19.33 and a 200-day moving average of $20.38. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66.

CVR Energy (NYSE:CVI) last released 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 negative return on equity of 5.12% and a net margin of 0.09%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. Equities analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 138,853 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the acquisition, the insider now directly owns 68,446,293 shares in the company, valued at $1,232,717,736.93. This represents a 0.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders acquired 1,492,463 shares of company stock valued at $27,048,523. 0.01% of the stock is currently owned by corporate 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.