Advisors Asset Management Inc. Has $6.46 Million Stake in CVR Energy, Inc. (NYSE:CVI)

Advisors Asset Management Inc. decreased its position in CVR Energy, Inc. (NYSE:CVI) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,682 shares of the oil and gas company’s stock after selling 7,393 shares during the quarter. Advisors Asset Management Inc. owned about 0.34% of CVR Energy worth $6,459,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in CVR Energy in the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. raised 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 valued at $38,000 after purchasing an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of CVR Energy in the 3rd quarter valued at $43,000. Larson Financial Group LLC boosted its holdings in CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 2,698 shares in the last quarter. Finally, FMR LLC increased its position in CVR Energy by 103.4% during the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after buying an additional 2,049 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Mizuho raised their target price on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Friday, December 6th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, CVR Energy presently has an average rating of “Reduce” and a consensus price target of $23.00.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 1,492,540 shares of company stock worth $27,049,928 over the last three months. Company insiders own 0.01% of the company’s stock.

CVR Energy Trading Up 2.9 %

Shares of CVR Energy stock opened at $21.27 on Wednesday. CVR Energy, Inc. has a 1 year low of $15.60 and a 1 year high of $38.07. The company’s fifty day simple moving average is $19.44 and its 200-day simple moving average is $20.33. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 354.63 and a beta of 1.55. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15.

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 analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. As a group, sell-side analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.

CVR Energy Company 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.