CVR Energy, Inc. (NYSE:CVI) Major Shareholder Carl C. Icahn Purchases 61,108 Shares

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn acquired 61,108 shares of CVR Energy stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $18.12 per share, for a total transaction of $1,107,276.96. Following the completion of the transaction, the insider now owns 68,595,378 shares in the company, valued at approximately $1,242,948,249.36. This trade represents a 0.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Energy Stock Performance

Shares of CVI opened at $16.30 on Tuesday. CVR Energy, Inc. has a 52 week low of $15.10 and a 52 week high of $37.66. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a market cap of $1.64 billion, a P/E ratio of 271.63 and a beta of 1.26. The business’s 50 day moving average price is $19.20 and its 200-day moving average price is $19.97.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Equities research analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CVI. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, March 27th. Finally, Mizuho raised their target price on CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.20.

Institutional Trading of CVR Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after buying an additional 154,125 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CVR Energy by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after acquiring an additional 238,081 shares in the last quarter. State Street Corp boosted its stake in CVR Energy by 18.1% during 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 purchasing an additional 317,475 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock worth $14,675,000 after purchasing an additional 143,941 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of CVR Energy by 36.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock worth $14,548,000 after purchasing an additional 207,872 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

About CVR Energy

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.