CVR Energy, Inc. (NYSE:CVI) Major Shareholder Carl C. Icahn Acquires 138,853 Shares

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn bought 138,853 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the purchase, the insider now owns 68,446,293 shares of the company’s stock, valued at $1,232,717,736.93. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Energy Stock Up 0.3 %

NYSE:CVI opened at $18.01 on Thursday. The firm’s 50-day moving average price is $19.32 and its 200-day moving average price is $20.46. The company has a market capitalization of $1.81 billion, a PE ratio of 300.25 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. CVR Energy, Inc. has a 1-year low of $15.60 and a 1-year high of $38.07.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The firm 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 analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVI has been the topic of several 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 research note 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 objective 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. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.00.

Hedge Funds Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CVI. R Squared Ltd bought a new position in CVR Energy during the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its stake in CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new position in CVR Energy during the 3rd quarter valued at about $43,000. Larson Financial Group LLC lifted its stake in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares during the period. Finally, FMR LLC lifted its stake in CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 2,049 shares during the period. Institutional investors own 98.88% of the company’s stock.

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.