CVR Energy, Inc. (NYSE:CVI) Major Shareholder Acquires $1,214,235.00 in Stock

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn acquired 66,900 shares of CVR Energy stock in a transaction on Monday, March 10th. The shares were bought at an average price of $18.15 per share, for a total transaction of $1,214,235.00. Following the purchase, the insider now owns 68,217,972 shares of the company’s stock, valued at $1,238,156,191.80. This represents a 0.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Energy Stock Up 5.3 %

Shares of NYSE:CVI opened at $19.28 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 321.30 and a beta of 1.55. The company has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $20.44. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a 12-month low of $15.60 and a 12-month high of $38.07.

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

Institutional Trading of CVR Energy

Several institutional investors and hedge funds have recently bought and sold shares of CVI. GF Fund Management CO. LTD. acquired a new position in shares of CVR Energy in the 4th quarter worth approximately $198,000. GTS Securities LLC acquired a new position in CVR Energy in the fourth quarter worth $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CVR Energy by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock valued at $1,130,000 after purchasing an additional 1,035 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after purchasing an additional 269,763 shares during the period. Finally, Thomist Capital Management LP bought a new position in shares of CVR Energy in the 4th quarter worth about $781,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho upped their price target on 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 lowered their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $23.00.

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.