CVR Energy, Inc. (NYSE:CVI) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,079 shares of the oil and gas company’s stock after acquiring an additional 143,941 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.78% of CVR Energy worth $14,675,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. New York State Teachers Retirement System boosted its stake in shares of CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 1,400 shares in the last quarter. Rhumbline Advisers raised its holdings 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 valued at $2,156,000 after acquiring an additional 1,479 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $43,000. R Squared Ltd acquired a new position in CVR Energy in the 4th quarter worth approximately $36,000. Finally, FMR LLC grew its position in CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 2,049 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 878,212 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was bought at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the purchase, the insider now owns 67,570,593 shares in the company, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 1,492,540 shares of company stock worth $27,049,928 in the last 90 days. 0.01% of the stock is owned by insiders.

CVR Energy Stock Performance

Shares of NYSE CVI opened at $21.83 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The business’s 50-day moving average price is $19.57 and its two-hundred day moving average price is $20.32. The company has a market capitalization of $2.19 billion, a P/E ratio of 363.86 and a beta of 1.55.

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

Wall Street Analyst Weigh In

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

CVR Energy Company 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.