CVR Energy, Inc. (NYSE:CVI) Major Shareholder Buys $1,107,276.96 in Stock

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn bought 61,108 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of $18.12 per share, with a total value of $1,107,276.96. Following the completion of the purchase, the insider now directly owns 68,595,378 shares of the company's stock, valued at $1,242,948,249.36. This represents a 0.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Energy Trading Up 5.5 %

Shares of CVR Energy stock traded up $0.93 on Friday, hitting $17.72. 1,441,482 shares of the company's stock traded hands, compared to its average volume of 1,233,003. CVR Energy, Inc. has a one year low of $15.10 and a one year high of $36.06. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 295.40 and a beta of 1.26. The company has a fifty day moving average of $18.92 and a two-hundred day moving average of $19.75. 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 - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The business had revenue of $1.95 billion during 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%. As a group, sell-side analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CVI. Scotiabank lowered their price target on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research report on Friday. Mizuho boosted their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. 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 dropped their price objective on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $21.20.

Hedge Funds Weigh In On CVR Energy

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of CVR Energy by 3,908.1% in the first quarter. GAMMA Investing LLC now owns 41,885 shares of the oil and gas company's stock worth $813,000 after buying an additional 40,840 shares during the period. GF Fund Management CO. LTD. purchased a new position in CVR Energy in the 4th quarter worth about $198,000. GTS Securities LLC purchased a new position in shares of CVR Energy in the 4th quarter worth $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 1,035 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of CVR Energy by 56.2% in 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 buying an additional 269,763 shares during the period. Hedge funds and other institutional investors 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.