CVR Energy, Inc. (NYSE:CVI) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,693 shares of the oil and gas company’s stock after acquiring an additional 110,460 shares during the period. Renaissance Technologies LLC’s holdings in CVR Energy were worth $10,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in shares of CVR Energy by 214.3% during the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock worth $1,797,000 after purchasing an additional 53,203 shares during the last quarter. State Street Corp raised its holdings in shares of CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after acquiring an additional 317,475 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $14,675,000 after acquiring an additional 143,941 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of CVR Energy in the fourth quarter valued at $736,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in shares of CVR Energy during the fourth quarter valued at $637,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

Shares of CVI stock opened at $17.83 on Thursday. 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 capitalization of $1.79 billion, a price-to-earnings ratio of 297.22 and a beta of 1.26. CVR Energy, Inc. has a one year low of $15.10 and a one year high of $34.18. The company has a 50 day moving average price of $18.88 and a 200 day moving average price of $19.64.

CVR Energy (NYSE:CVI) last released its quarterly earnings data 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). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 EPS for the current year.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 206,571 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $17.79 per share, with a total value of $3,674,898.09. Following the completion of the transaction, the insider now directly owns 67,780,774 shares of the company’s stock, valued at approximately $1,205,819,969.46. The trade was a 0.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 1,393,545 shares of company stock worth $24,172,861 in the last three months. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho upped 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. Scotiabank reduced their price objective on shares of CVR Energy from $22.00 to $16.00 and set a “sector underperform” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group lowered their target price on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, CVR Energy currently has an average rating of “Reduce” and an average target price of $21.20.

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.