KLP Kapitalforvaltning AS Makes New Investment in CVR Energy, Inc. (NYSE:CVI)

KLP Kapitalforvaltning AS acquired a new stake in shares of CVR Energy, Inc. ( NYSE:CVI – Free Report ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 28,900 shares of the oil and gas company’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVI. State Street Corp boosted its position in shares of CVR Energy by 18.1% during the third quarter.



State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after purchasing an additional 317,475 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in CVR Energy during the third quarter valued at $5,335,000. Charles Schwab Investment Management Inc.

boosted its holdings in shares of CVR Energy by 22.5% during the 4th quarter. Charles Schwab Investment Management Inc.

now owns 783,079 shares of the oil and gas company’s stock valued at $14,675,000 after buying an additional 143,941 shares in the last quarter. Holocene Advisors LP grew its position in shares of CVR Energy by 134.1% in the 3rd quarter.

Holocene Advisors LP now owns 179,702 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 102,935 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of CVR Energy by 13.

4% in the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company’s stock worth $12,991,000 after acquiring an additional 81,647 shares in the last quarter.

Hedge funds and other institutional investors own 98.88% of the company’s stock. Insider Activity In related news, major shareholder Carl C.

Icahn purchased 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, for a total transaction of $16,027,369.

00. Following the completion of the purchase, the insider now directly owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25.

The trade was a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website .

Insiders have acquired a total of 1,492,540 shares of company stock valued at $27,049,928 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

CVR Energy Trading Down 8.1 % CVR Energy ( NYSE:CVI – Get Free Report ) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.

13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12).

The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion.

CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%.

On average, equities research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes Several research firms recently commented on CVI. Mizuho boosted their price objective on shares of CVR Energy from $20.00 to $21.

00 and gave the stock a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price target on CVR Energy from $19.00 to $16.

00 and set a “sell” rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th.

Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $22.

20. Get Our Latest Research Report on CVI CVR Energy Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter .

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