HighTower Advisors LLC Trims Position in CVR Energy, Inc. (NYSE:CVI)

HighTower Advisors LLC decreased its position in CVR Energy, Inc. (NYSE:CVI) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,218 shares of the oil and gas company’s stock after selling 1,026 shares during the quarter. HighTower Advisors LLC’s holdings in CVR Energy were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in CVR Energy by 10.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,841 shares of the oil and gas company’s stock worth $618,000 after buying an additional 2,639 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of CVR Energy during the third quarter valued at approximately $231,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CVR Energy by 14.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after buying an additional 81,590 shares in the last quarter. FMR LLC boosted its holdings in shares of CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of CVR Energy in the third quarter valued at $221,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Carl C. Icahn acquired 3,610 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares of the company’s stock, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 1,492,540 shares of company stock worth $27,049,928. Corporate insiders own 0.01% of the company’s stock.

CVR Energy Trading Down 0.9 %

CVI opened at $19.23 on Wednesday. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The company has a market capitalization of $1.93 billion, a P/E ratio of 320.52 and a beta of 1.55. The stock’s fifty day moving average is $19.45 and its two-hundred day moving average is $20.13. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share 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 forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho increased their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their price objective on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, March 27th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, CVR Energy has an average rating of “Reduce” and an average price target of $22.20.

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.