CVR Energy, Inc. (NYSE:CVI) Shares Sold by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY cut its position in shares of CVR Energy, Inc. (NYSE:CVI) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,149 shares of the oil and gas company’s stock after selling 4,492 shares during the quarter. Cypress Capital Management LLC WY’s holdings in CVR Energy were worth $584,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of CVR Energy during the 3rd quarter worth about $43,000. R Squared Ltd acquired a new position in CVR Energy in the 4th quarter worth about $36,000. Future Financial Wealth Managment LLC purchased a new position in CVR Energy during the third quarter worth approximately $46,000. Larson Financial Group LLC grew 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 valued at $72,000 after purchasing an additional 2,698 shares during the period. Finally, FMR LLC increased its position in shares of CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 2,049 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the acquisition, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CVI has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. StockNews.com downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Mizuho boosted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Scotiabank decreased their price target on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Price Performance

CVR Energy stock opened at $19.05 on Friday. The company has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $21.86. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 27.61 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, Inc. has a 52-week low of $15.60 and a 52-week high of $38.07.

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

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.