Icon Advisers Inc. Co. Takes $2.12 Million Position in CVR Energy Inc. $CVI

Icon Advisers Inc. Co. bought a new position in CVR Energy Inc. (NYSE:CVI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 79,000 shares of the oil and gas company’s stock, valued at approximately $2,121,000. Icon Advisers Inc. Co. owned 0.08% of CVR Energy at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its stake in shares of CVR Energy by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,465 shares of the oil and gas company’s stock valued at $872,000 after buying an additional 758 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CVR Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock worth $394,000 after purchasing an additional 858 shares in the last quarter. Bank of Montreal Can raised its position in CVR Energy by 9.2% in the second quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 941 shares in the last quarter. Matrix Trust Co bought a new position in CVR Energy during the second quarter worth about $26,000. Finally, State of Alaska Department of Revenue boosted its holdings in CVR Energy by 7.4% during the second quarter. State of Alaska Department of Revenue now owns 20,351 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CVI. UBS Group set a $37.00 price target on CVR Energy in a research note on Sunday, September 28th. The Goldman Sachs Group boosted their target price on shares of CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a report on Tuesday. Mizuho reissued an “underperform” rating and set a $29.00 price target (up from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CVR Energy currently has an average rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Price Performance

Shares of CVI stock opened at $34.53 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 21.06 and a beta of 1.21. The stock has a 50-day moving average price of $36.11 and a 200 day moving average price of $30.62. CVR Energy Inc. has a 12 month low of $15.10 and a 12 month high of $41.67.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share for the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.98%. The business had revenue of $1.76 billion during the quarter. Research analysts expect that CVR Energy Inc. will post -0.12 EPS for the current year.

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.