AlphaQuest LLC Reduces Holdings in CVR Energy, Inc. (NYSE:CVI)

AlphaQuest LLC trimmed its position in shares of CVR Energy, Inc. (NYSE:CVI) by 95.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,638 shares of the oil and gas company’s stock after selling 37,912 shares during the quarter. AlphaQuest LLC’s holdings in CVR Energy were worth $31,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 143,941 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in CVR Energy by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 15,147 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 4,547 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in CVR Energy in the 4th quarter valued at $736,000. Finally, Principal Financial Group Inc. grew its holdings in CVR Energy by 3.0% in the 4th 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 in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the purchase, the insider now owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have bought 1,492,540 shares of company stock valued at $27,049,928. Corporate insiders own 0.01% of the company’s stock.

CVR Energy Stock Performance

NYSE CVI opened at $21.21 on Friday. The stock has a market cap of $2.13 billion, a PE ratio of 353.48 and a beta of 1.55. 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, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The stock has a fifty day simple moving average of $19.61 and a 200-day simple moving average of $20.32.

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 for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Equities analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group dropped 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 upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Mizuho upped their target price on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Five 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 presently 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.