Gotham Asset Management LLC Purchases 16,786 Shares of CVR Energy, Inc. (CVI)

Gotham Asset Management LLC lifted its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 199,684 shares of the oil and gas company’s stock after acquiring an additional 16,786 shares during the period. Gotham Asset Management LLC owned approximately 0.20% of CVR Energy worth $6,885,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of CVR Energy by 8.9% during the 4th quarter. BlackRock Inc. now owns 1,554,503 shares of the oil and gas company’s stock worth $53,598,000 after buying an additional 127,001 shares during the period. Dimensional Fund Advisors LP boosted its stake in CVR Energy by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,023,697 shares of the oil and gas company’s stock worth $35,295,000 after acquiring an additional 11,483 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in CVR Energy by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,007,629 shares of the oil and gas company’s stock worth $40,527,000 after acquiring an additional 61,941 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CVR Energy by 14.5% during the 3rd quarter. Renaissance Technologies LLC now owns 860,351 shares of the oil and gas company’s stock worth $34,603,000 after acquiring an additional 108,951 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in CVR Energy by 5.4% during the 4th quarter. Northern Trust Corp now owns 427,976 shares of the oil and gas company’s stock worth $14,757,000 after acquiring an additional 21,874 shares during the last quarter. 91.72% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the stock. Barclays assumed coverage on shares of CVR Energy in a research note on Thursday, January 24th. They set an “underweight” rating and a $47.00 price objective on the stock. Wolfe Research started coverage on shares of CVR Energy in a research note on Monday, January 28th. They issued a “market perform” rating and a $38.00 price target on the stock. Finally, Citigroup cut their price target on shares of CVR Energy from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.60.

Shares of CVI stock traded down $0.77 during trading on Monday, reaching $42.98. The company’s stock had a trading volume of 396,000 shares, compared to its average volume of 510,231. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.40 billion, a PE ratio of 16.18 and a beta of 1.22. CVR Energy, Inc. has a one year low of $30.46 and a one year high of $47.67.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.15). The business had revenue of $1.74 billion during the quarter. CVR Energy had a return on equity of 14.08% and a net margin of 4.06%.

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About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

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Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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