Cypress Capital Management LLC WY Decreases Stake in CVR Energy, Inc. (NYSE:CVI)

Cypress Capital Management LLC WY lessened its position in shares of CVR Energy, Inc. (NYSE:CVI) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

A number of other large investors have also added to or reduced their stakes in CVI. R Squared Ltd bought a new position in shares of CVR Energy in the 4th quarter valued at about $36,000. Wilmington Savings Fund Society FSB purchased a new stake in CVR Energy during the third quarter valued at approximately $43,000. Future Financial Wealth Managment LLC bought a new stake in CVR Energy in the third quarter worth $46,000. Larson Financial Group LLC boosted its stake in shares of CVR Energy by 640.9% during the 3rd 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 during the period. Finally, FMR LLC boosted its position in shares of CVR Energy by 103.4% during 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 during the period. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Down 3.1 %

CVR Energy stock opened at $19.05 on Friday. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07. The business has a fifty day moving average price of $19.24 and a 200-day moving average price of $21.86. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 27.61 and a beta of 1.58.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 14th. The Goldman Sachs Group cut their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Scotiabank cut their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a report on Thursday, October 10th. Finally, Mizuho raised their price objective on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $23.00.

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 that occurred on Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.01% of the stock is currently owned by insiders.

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.