New York State Common Retirement Fund Sells 45,600 Shares of CVR Energy, Inc. (NYSE:CVI)

New York State Common Retirement Fund lessened its holdings in CVR Energy, Inc. (NYSE:CVI) by 71.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,350 shares of the oil and gas company’s stock after selling 45,600 shares during the quarter. New York State Common Retirement Fund’s holdings in CVR Energy were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CVI. State Street Corp boosted its position 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 worth $47,789,000 after purchasing an additional 317,475 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in CVR Energy by 14.6% during the third 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 buying an additional 81,590 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in CVR Energy by 37.2% in 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 acquiring an additional 95,371 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of CVR Energy by 7.4% in the third quarter. Victory Capital Management Inc. now owns 347,969 shares of the oil and gas company’s stock worth $8,014,000 after acquiring an additional 23,952 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of CVR Energy in the third quarter worth $5,335,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $18.02 on Wednesday. The business has a 50-day simple moving average of $19.37 and a two-hundred day simple moving average of $20.75. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 300.38 and a beta of 1.57. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.

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). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. On average, analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target 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. Mizuho upped their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $23.00.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn purchased 206,571 shares of CVR Energy stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $17.79 per share, with a total value of $3,674,898.09. Following the transaction, the insider now directly owns 67,780,774 shares of the company’s stock, valued at $1,205,819,969.46. This trade represents a 0.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 1,088,393 shares of company stock valued at $19,768,113 in the last ninety days. 0.01% of the stock is currently owned by company 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.