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

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn bought 76,268 shares of CVR Energy stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $18.20 per share, with a total value of $1,388,077.60. Following the completion of the purchase, the insider now owns 68,151,072 shares in the company, valued at approximately $1,240,349,510.40. The trade was a 0.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

CVR Energy Stock Performance

Shares of CVR Energy stock traded down $0.21 during trading hours on Tuesday, reaching $17.97. The company's stock had a trading volume of 420,783 shares, compared to its average volume of 1,179,563. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. CVR Energy, Inc. has a one year low of $15.60 and a one year high of $38.07. The company's 50 day simple moving average is $19.35 and its 200 day simple moving average is $20.55. The stock has a market cap of $1.81 billion, a P/E ratio of 299.42 and a beta of 1.55.

CVR Energy (NYSE:CVI - Get Free Report) last issued 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 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 the consensus estimate of $1.85 billion. As a group, analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on CVI. The Goldman Sachs Group cut their price target on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Friday, December 6th. StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $23.00.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after purchasing an additional 317,475 shares during the period. 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. Millennium Management LLC lifted its position in shares of CVR Energy by 1,203.0% during the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock valued at $5,362,000 after acquiring an additional 264,143 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of CVR Energy by 744.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock valued at $5,493,000 after purchasing an additional 258,436 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CVR Energy by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company's stock valued at $40,876,000 after purchasing an additional 238,081 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

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.