Polaris Capital Management LLC Grows Stock Position in CVR Energy, Inc. (NYSE:CVI)

Polaris Capital Management LLC boosted its holdings in CVR Energy, Inc. (NYSE:CVI) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,500 shares of the oil and gas company’s stock after purchasing an additional 21,300 shares during the period. Polaris Capital Management LLC owned about 0.08% of CVR Energy worth $1,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVI. Millennium Management LLC bought a new stake in shares of CVR Energy in the second quarter worth $2,889,000. The Manufacturers Life Insurance Company increased its position in shares of CVR Energy by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,562 shares of the oil and gas company’s stock worth $979,000 after purchasing an additional 2,451 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of CVR Energy by 158.1% during the third quarter. SG Americas Securities LLC now owns 21,269 shares of the oil and gas company’s stock worth $490,000 after purchasing an additional 13,028 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in CVR Energy by 174.3% in the third quarter. Exchange Traded Concepts LLC now owns 74,501 shares of the oil and gas company’s stock worth $1,716,000 after purchasing an additional 47,344 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in CVR Energy during the third quarter valued at approximately $219,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Finally, Mizuho raised their target price on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $23.00.

CVR Energy Stock Performance

CVI stock opened at $19.27 on Tuesday. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. 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 company has a market capitalization of $1.94 billion, a P/E ratio of 27.92 and a beta of 1.57. The company has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $21.54.

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.