Carl C. Icahn Buys 76,268 Shares of CVR Energy, Inc. (NYSE:CVI) Stock

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn bought 76,268 shares of the company’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $18.20 per share, with a total value of $1,388,077.60. Following the completion of the acquisition, the insider now owns 68,151,072 shares of the company’s stock, valued at $1,240,349,510.40. This represents a 0.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Energy Stock Performance

CVR Energy 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 market capitalization of $1.82 billion, a price-to-earnings ratio of 301.30 and a beta of 1.55. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The firm’s fifty day moving average price is $19.36 and its 200 day moving average price is $20.63.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data 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). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. On average, research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in shares of CVR Energy in the 4th quarter worth approximately $198,000. GTS Securities LLC bought 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 raised its holdings 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 in the last quarter. Two Sigma Investments LP raised its holdings 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 in the last quarter. Finally, Thomist Capital Management LP acquired a new stake in shares of CVR Energy during the fourth quarter valued at approximately $781,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CVI shares. 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 lowered their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Finally, Mizuho increased 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. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, CVR Energy has a consensus rating of “Reduce” and a consensus 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.