SG Americas Securities LLC Boosts Stake in CVR Energy, Inc. (NYSE:CVI)

SG Americas Securities LLC lifted its stake in CVR Energy, Inc. (NYSE:CVI) by 14.3% in the 4th quarter, HoldingsChannel reports. The fund owned 24,319 shares of the oil and gas company’s stock after purchasing an additional 3,050 shares during the quarter. SG Americas Securities LLC’s holdings in CVR Energy were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CVI. Wilmington Savings Fund Society FSB bought a new position in CVR Energy in the third quarter worth about $43,000. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy during the third quarter valued at approximately $46,000. Larson Financial Group LLC boosted its stake 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 acquiring an additional 2,698 shares in the last quarter. FMR LLC grew its holdings in CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of CVR Energy by 97.2% during the third quarter. Covestor Ltd now owns 7,376 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 3,635 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Down 0.7 %

CVR Energy stock opened at $18.94 on Friday. The business’s 50-day moving average price is $19.25 and its 200 day moving average price is $21.80. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 27.45 and a beta of 1.58. CVR Energy, Inc. has a 52 week low of $15.60 and a 52 week high of $38.07.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the transaction, the insider now 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CVI shares. Scotiabank dropped their target price on 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. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th. Mizuho increased 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, The Goldman Sachs Group dropped their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.00.

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.