Polaris Capital Management LLC Has $1.58 Million Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Polaris Capital Management LLC grew its position in CVR Energy, Inc. (NYSE:CVI) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,500 shares of the oil and gas company’s stock after acquiring an additional 21,300 shares during the quarter. Polaris Capital Management LLC’s holdings in CVR Energy were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after acquiring an additional 81,590 shares in the last quarter. Advisors Asset Management Inc. increased its stake in CVR Energy by 37.2% in the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock valued at $8,108,000 after acquiring an additional 95,371 shares during the period. Victory Capital Management Inc. boosted its holdings in CVR Energy by 7.4% during the third quarter. Victory Capital Management Inc. now owns 347,969 shares of the oil and gas company’s stock valued at $8,014,000 after purchasing an additional 23,952 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of CVR Energy in the 3rd quarter worth approximately $5,335,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $19.27 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. CVR Energy, Inc. has a 12 month low of $15.60 and a 12 month high of $38.07. The stock’s fifty day simple moving average is $19.19 and its 200 day simple moving average is $21.54. The company has a market capitalization of $1.94 billion, a PE ratio of 27.92 and a beta of 1.57.

Insider Buying and Selling

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

CVR Energy Company 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.