Carl C. Icahn Purchases 3,610 Shares of CVR Energy, Inc. (NYSE:CVI) Stock

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn purchased 3,610 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

CVR Energy Stock Performance

CVR Energy stock traded up $0.31 during trading hours on Tuesday, reaching $18.02. 1,471,715 shares of the stock were exchanged, compared to its average volume of 1,177,006. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The stock has a market cap of $1.81 billion, a P/E ratio of 300.38 and a beta of 1.57. CVR Energy, Inc. has a 52-week low of $15.60 and a 52-week high of $38.07. The firm's 50 day moving average is $19.37 and its 200 day moving average is $20.75.

CVR Energy (NYSE:CVI - Get Free Report) last posted 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). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. Analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CVI. StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho increased their price target on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group reduced their target price on 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $23.00.

Institutional Trading of CVR Energy

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CVR Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock valued at $364,000 after buying an additional 683 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 731 shares during the period. Amalgamated Bank lifted its holdings in shares of CVR Energy by 9.6% in the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company's stock worth $224,000 after purchasing an additional 849 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 valued at $1,130,000 after purchasing an additional 1,035 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its position in CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock worth $191,000 after acquiring an additional 1,275 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.

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