ExodusPoint Capital Management LP Has $5.49 Million Holdings in CVR Energy, Inc. (NYSE:CVI)

ExodusPoint Capital Management LP lifted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 744.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,129 shares of the oil and gas company’s stock after acquiring an additional 258,436 shares during the quarter. ExodusPoint Capital Management LP’s holdings in CVR Energy were worth $5,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVI. Vanguard Group Inc. boosted its stake in shares of CVR Energy by 3.9% during 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 purchasing an additional 154,125 shares in the last quarter. State Street Corp increased its position in 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 valued at $47,789,000 after acquiring an additional 317,475 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of CVR Energy by 22.5% during 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 acquiring an additional 143,941 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CVR Energy by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company’s stock worth $14,513,000 after purchasing an additional 3,261 shares during the period. Finally, American Century Companies Inc. increased its holdings in CVR Energy by 13.4% in the fourth quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company’s stock valued at $12,991,000 after purchasing an additional 81,647 shares during the period. Institutional investors own 98.88% of the company’s stock.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 138,853 shares of CVR Energy stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $18.01 per share, with a total value of $2,500,742.53. Following the completion of the purchase, the insider now owns 68,446,293 shares in the company, valued at approximately $1,232,717,736.93. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 1,492,540 shares of company stock valued at $27,049,928 over the last three months. Company insiders own 0.01% of the company’s stock.

CVR Energy Stock Down 10.6 %

CVI stock opened at $15.98 on Friday. The stock has a fifty day moving average of $19.27 and a 200-day moving average of $20.05. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $37.66. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 266.29 and a beta of 1.26. 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 posted its earnings results 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 negative return on equity of 5.12% and a net margin of 0.09%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. As a group, equities research analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CVI shares. Mizuho upped their price target on CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, CVR Energy has an average rating of “Reduce” and a consensus price target of $22.20.

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.