Charles Schwab Investment Management Inc. Has $14.68 Million Holdings in CVR Energy, Inc. (NYSE:CVI)

Charles Schwab Investment Management Inc. boosted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 783,079 shares of the oil and gas company’s stock after acquiring an additional 143,941 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CVR Energy were worth $14,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CVI. Jones Financial Companies Lllp lifted its position in shares of CVR Energy by 42.9% during the 4th quarter. Jones Financial Companies Lllp now owns 15,147 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 4,547 shares during the last quarter. D.A. Davidson & CO. bought a new position in CVR Energy in the 4th quarter worth approximately $736,000. Principal Financial Group Inc. lifted its holdings in shares of CVR Energy by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 166,674 shares of the oil and gas company’s stock worth $3,123,000 after buying an additional 4,830 shares during the last quarter. Congress Asset Management Co. boosted its position in shares of CVR Energy by 8.0% in the fourth quarter. Congress Asset Management Co. now owns 84,626 shares of the oil and gas company’s stock valued at $1,586,000 after acquiring an additional 6,237 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of CVR Energy by 1.3% in the fourth quarter. Rhumbline Advisers now owns 115,064 shares of the oil and gas company’s stock worth $2,156,000 after acquiring an additional 1,479 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn bought 138,853 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the purchase, the insider now owns 68,446,293 shares of the company’s stock, valued at approximately $1,232,717,736.93. The trade was a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have bought 1,492,540 shares of company stock valued at $27,049,928. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on CVI. 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 note on Friday, December 6th. Mizuho upped their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, CVR Energy has an average rating of “Reduce” and an average price target of $23.00.

CVR Energy Stock Down 0.0 %

NYSE CVI opened at $21.83 on Friday. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07. 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 stock’s 50 day moving average is $19.57 and its two-hundred day moving average is $20.32. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 363.86 and a beta of 1.55.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. Equities analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

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.