Carl C. Icahn Buys 77,851 Shares of CVR Energy, Inc. (NYSE:CVI) Stock

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn purchased 77,851 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average price of $17.90 per share, with a total value of $1,393,532.90. Following the completion of the acquisition, the insider now owns 70,043,154 shares in the company, valued at $1,253,772,456.60. 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 transactions with the SEC.

CVR Energy Stock Up 2.1 %

NYSE CVI traded up $0.38 during mid-day trading on Friday, reaching $18.34. 829,551 shares of the company's stock traded hands, compared to its average volume of 1,241,797. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. CVR Energy, Inc. has a 1-year low of $15.10 and a 1-year high of $34.08. The company has a fifty day simple moving average of $18.84 and a 200-day simple moving average of $19.54. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 305.70 and a beta of 1.26.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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, equities research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

CVI has been the subject of several analyst reports. Mizuho upped their target price on CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Scotiabank decreased their price target on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a report on Friday, April 11th. 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 target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $21.20.

Institutional Investors Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently modified their holdings of CVI. Harbor Capital Advisors Inc. lifted its position in shares of CVR Energy by 65.5% during the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 646 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy during the third quarter valued at approximately $43,000. R Squared Ltd bought a new position in CVR Energy during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its position in shares of CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 731 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of CVR Energy by 106.6% in the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 1,114 shares during the last quarter. 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.