Susquehanna Advisors Group Inc. Purchases New Stake in CVR Energy, Inc. (NYSE:CVI)

Susquehanna Advisors Group Inc. acquired a new position in shares of CVR Energy, Inc. (NYSE:CVI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 12,900 shares of the oil and gas company’s stock, valued at approximately $242,000.

A number of other institutional investors have also modified their holdings of the business. 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 period. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 143,941 shares during the period. D.A. Davidson & CO. bought a new stake in CVR Energy in the fourth quarter valued at $736,000. Groesbeck Investment Management Corp NJ acquired a new position in shares of CVR Energy during the fourth quarter valued at $637,000. Finally, Vanguard Group Inc. grew its position 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 worth $77,496,000 after acquiring an additional 154,125 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 3,610 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the acquisition, the insider now directly owns 67,574,203 shares of the company’s stock, valued at $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 1,463,876 shares of company stock valued at $25,440,929 over the last three months. Insiders own 0.01% of the company’s stock.

CVR Energy Stock Performance

NYSE:CVI opened at $18.28 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The company has a 50-day moving average of $18.83 and a 200-day moving average of $19.50. CVR Energy, Inc. has a twelve month low of $15.10 and a twelve month high of $34.08. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 304.72 and a beta of 1.26.

CVR Energy (NYSE:CVI) last posted 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 during the quarter, compared to the consensus estimate of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. Analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on CVI shares. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, March 27th. Scotiabank lowered their price target on CVR Energy from $22.00 to $16.00 and set a “sector underperform” rating on the stock in a report on Friday, April 11th. Finally, Mizuho upped their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average 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.