12,178 Shares in CVR Energy, Inc. (NYSE:CVI) Bought by Numerai GP LLC

Numerai GP LLC bought a new position in shares of CVR Energy, Inc. (NYSE:CVI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,178 shares of the oil and gas company’s stock, valued at approximately $228,000.

Several other institutional investors have also recently made changes to their positions in CVI. Barclays PLC increased its holdings in CVR Energy by 214.3% in the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock valued at $1,797,000 after buying an additional 53,203 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CVR Energy by 22.5% in the fourth 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. D.A. Davidson & CO. purchased a new position in CVR Energy in the fourth quarter valued at $736,000. Vanguard Group Inc. increased its holdings in CVR Energy by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after buying an additional 154,125 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ purchased a new position in CVR Energy in the fourth quarter valued at $637,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 3,610 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the purchase, the insider now owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. The trade was a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders acquired 1,641,760 shares of company stock valued at $28,641,557. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CVI. The Goldman Sachs Group cut their price objective on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Mizuho lifted their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $23.00.

CVR Energy Stock Down 1.5%

CVI stock opened at $24.00 on Friday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 400.07 and a beta of 1.02. The firm has a 50-day simple moving average of $19.45 and a 200-day simple moving average of $19.08. 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, Inc. has a 52 week low of $15.10 and a 52 week high of $30.44.

CVR Energy (NYSE:CVI) last released its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.32. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. Equities analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

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.