Icon Advisers Inc. Co. Has $4.01 Million Stock Position in CVR Energy Inc. $CVI

Icon Advisers Inc. Co. lifted its position in CVR Energy Inc. (NYSE:CVI) by 39.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the oil and gas company’s stock after buying an additional 31,000 shares during the period. Icon Advisers Inc. Co.’s holdings in CVR Energy were worth $4,013,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of CVR Energy by 67.2% in the first quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 5,992 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of CVR Energy during the 1st quarter valued at about $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CVR Energy by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after purchasing an additional 858 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after purchasing an additional 63,909 shares during the period. Finally, Bank of Montreal Can grew its position in shares of CVR Energy by 9.2% in the 2nd quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 941 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn purchased 275,012 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $21.41 per share, with a total value of $5,888,006.92. Following the purchase, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders purchased 783,404 shares of company stock worth $16,445,044. Corporate insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CVI shares. Weiss Ratings downgraded shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, February 20th. Wall Street Zen cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, CVR Energy presently has a consensus rating of “Strong Sell” and a consensus price target of $29.25.

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $26.83 on Friday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 103.20 and a beta of 1.12. The stock’s 50-day moving average is $23.74 and its 200-day moving average is $30.11. CVR Energy Inc. has a one year low of $15.10 and a one year high of $41.67. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.13.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.04. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.70 billion. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.CVR Energy’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. Equities analysts predict that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 5.5%.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.