CVR Energy, Inc. (NYSE:CVI) Major Shareholder Carl C. Icahn Acquires 122,049 Shares

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn bought 122,049 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $17.84 per share, with a total value of $2,177,354.16. Following the purchase, the insider now directly owns 68,069,902 shares of the company’s stock, valued at approximately $1,214,367,051.68. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Energy Trading Down 1.5 %

Shares of CVI stock opened at $18.08 on Friday. CVR Energy, Inc. has a 12-month low of $15.60 and a 12-month high of $38.07. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The firm’s 50 day moving average is $19.37 and its 200 day moving average is $20.68. The stock has a market capitalization of $1.82 billion, a P/E ratio of 301.30 and a beta of 1.55.

CVR Energy (NYSE:CVI) last issued its quarterly 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 business had revenue of $1.95 billion for 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%. Research analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. purchased a new stake in shares of CVR Energy in the 4th quarter worth approximately $198,000. GTS Securities LLC purchased a new stake in shares of CVR Energy in the 4th quarter worth approximately $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CVR Energy by 1.7% in the 4th 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 worth $1,130,000 after purchasing an additional 1,035 shares during the period. Two Sigma Investments LP lifted its position in shares of CVR Energy by 56.2% in the 4th 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 purchased a new stake in shares of CVR Energy in the 4th quarter worth approximately $781,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analysts Set New Price Targets

CVI has been the subject of several analyst reports. Mizuho raised their price target on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group reduced 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 report on Friday, December 6th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target 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.