Exchange Traded Concepts LLC Buys 19,265 Shares of CVR Energy, Inc. (NYSE:CVI)

Exchange Traded Concepts LLC raised its position in shares of CVR Energy, Inc. (NYSE:CVI) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,766 shares of the oil and gas company’s stock after purchasing an additional 19,265 shares during the period. Exchange Traded Concepts LLC owned 0.09% of CVR Energy worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Amalgamated Bank grew its stake in shares of CVR Energy by 9.6% during the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 849 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in CVR Energy by 27.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,799 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 1,692 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CVR Energy by 12.2% during the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 1,800 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of CVR Energy in the third quarter worth about $43,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CVR Energy in the third quarter worth about $46,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the purchase, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.01% of the stock is currently owned by insiders.

CVR Energy Price Performance

CVR Energy stock opened at $20.69 on Monday. The business has a 50-day simple moving average of $19.18 and a 200 day simple moving average of $21.96. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 29.98 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. On average, research analysts forecast that CVR Energy, Inc. will post -0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CVI shares. StockNews.com downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Scotiabank cut their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday, October 10th. Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. reduced their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $23.00.

About CVR Energy

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.