CVR Energy, Inc. (NYSE:CVI) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 36.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 776,313 shares of the oil and gas company’s stock after acquiring an additional 207,872 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.77% of CVR Energy worth $14,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in CVR Energy during the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. increased its holdings in CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 731 shares in the last quarter. IHT Wealth Management LLC increased its holdings in CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,275 shares in the last quarter. Susquehanna Advisors Group Inc. purchased a new position in CVR Energy during the 4th quarter valued at about $242,000. Finally, New York State Teachers Retirement System increased its holdings in CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 1,400 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVI has been the subject of several recent research reports. Mizuho raised their target price on shares of CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. The Goldman Sachs Group dropped their target price 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 reiterated an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Finally, StockNews.com downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $22.20.

CVR Energy Price Performance

CVR Energy stock opened at $22.06 on Tuesday. CVR Energy, Inc. has a 1 year low of $15.10 and a 1 year high of $30.44. The firm has a 50 day moving average price of $19.01 and a 200 day moving average price of $19.02. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 367.71 and a beta of 1.02. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66.

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

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 7,907 shares of CVR Energy stock in a transaction on Tuesday, April 29th. The shares were purchased at an average cost of $18.21 per share, with a total value of $143,986.47. Following the completion of the transaction, the insider now directly owns 70,418,471 shares in the company, valued at approximately $1,282,320,356.91. This represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders purchased 1,641,760 shares of company stock worth $28,641,557. 0.01% of the stock is 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.