IHT Wealth Management LLC Has $191,000 Stock Position in CVR Energy, Inc. (NYSE:CVI)

IHT Wealth Management LLC raised its holdings in CVR Energy, Inc. (NYSE:CVI) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,176 shares of the oil and gas company’s stock after acquiring an additional 1,275 shares during the period. IHT Wealth Management LLC’s holdings in CVR Energy were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of CVR Energy during the 3rd quarter worth approximately $43,000. R Squared Ltd acquired a new stake in shares of CVR Energy during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its holdings in shares of 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 worth $38,000 after purchasing an additional 731 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of 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 worth $259,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of CVR Energy by 39.4% during the 4th quarter. Intech Investment Management LLC now owns 13,979 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 3,953 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Up 1.7 %

Shares of NYSE CVI opened at $18.72 on Tuesday. The firm’s 50-day simple moving average is $18.79 and its 200 day simple moving average is $19.29. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 312.05 and a beta of 1.26. 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 12-month low of $15.10 and a 12-month high of $33.51.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. On average, research analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn bought 3,610 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the transaction, the insider now owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 1,633,853 shares of company stock worth $28,497,570 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVI. Mizuho lifted their price objective on CVR Energy from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Scotiabank decreased their price target on 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. Finally, The Goldman Sachs Group dropped their price objective on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $21.20.

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.