CVR Energy, Inc. (NYSE:CVI) Major Shareholder Acquires $65,846.40 in Stock

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn purchased 3,610 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the purchase, the insider now owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This represents a 0.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Energy Price Performance

Shares of CVI stock traded up $0.31 during trading hours on Tuesday, reaching $18.02. 1,471,715 shares of the company were exchanged, compared to its average volume of 1,177,006. The stock’s fifty day moving average is $19.37 and its two-hundred day moving average is $20.75. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 300.38 and a beta of 1.57. 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 debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last announced its quarterly 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). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. Sell-side analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CVI has been the topic of several recent analyst reports. Mizuho lifted 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. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their price target 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. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $23.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy during the third quarter worth $43,000. R Squared Ltd bought a new position in shares of CVR Energy during the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after buying an additional 731 shares in the last quarter. Larson Financial Group LLC raised its stake in CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 2,698 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 2,049 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.