CVR Energy, Inc. (NYSE:CVI) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,812 shares of the oil and gas company’s stock after acquiring an additional 1,400 shares during the quarter. New York State Teachers Retirement System’s holdings in CVR Energy were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its position in CVR Energy by 18.1% during the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after purchasing an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Energy during the third quarter worth about $5,335,000. Holocene Advisors LP boosted its stake in shares of CVR Energy by 134.1% during the third quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 102,935 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of CVR Energy by 37.2% during the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock worth $8,108,000 after buying an additional 95,371 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after acquiring an additional 81,590 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Up 3.4 %

CVI opened at $21.04 on Tuesday. 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 12 month low of $15.60 and a 12 month high of $38.07. The stock has a market capitalization of $2.11 billion, a P/E ratio of 350.69 and a beta of 1.57. The business has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $21.03.

CVR Energy (NYSE:CVI) last released its 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. On average, equities analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVI has been the topic of several analyst reports. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Mizuho increased their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Five equities 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.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.00.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn purchased 878,212 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the acquisition, the insider now directly 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.01% of the company’s stock.

About CVR Energy

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.