CVR Energy, Inc. (NYSE:CVI) Major Shareholder Carl C. Icahn Buys 244,200 Shares of Stock

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn bought 244,200 shares of the stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $3,934,062.00. Following the completion of the acquisition, the insider now directly owns 69,107,178 shares of the company's stock, valued at approximately $1,113,316,637.58. This trade represents a 0.35 % 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. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

CVR Energy Trading Up 5.5 %

Shares of CVI stock traded up $0.93 during trading hours on Friday, hitting $17.72. 1,441,482 shares of the company were exchanged, compared to its average volume of 1,233,003. The company has a 50 day simple moving average of $18.92 and a two-hundred day simple moving average of $19.75. The firm has a market cap of $1.78 billion, a P/E ratio of 295.40 and a beta of 1.26. 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 fifty-two week low of $15.10 and a fifty-two week high of $36.06.

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

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Analysts Set New Price Targets

Several research firms have commented on CVI. The Goldman Sachs Group decreased their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Scotiabank lowered their target price on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a report on Friday. Mizuho raised their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. 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.com, the company has a consensus rating of "Reduce" and a consensus price target of $21.20.

Institutional Investors Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CVI. Charles Schwab Investment Management Inc. lifted its stake in CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after acquiring an additional 81,590 shares in the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 2,049 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of CVR Energy in the third quarter worth $221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CVR Energy by 18.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,247 shares of the oil and gas company's stock valued at $1,364,000 after acquiring an additional 9,247 shares during the period. Finally, Verition Fund Management LLC purchased a new position in CVR Energy during the third quarter worth about $545,000. 98.88% of the stock is owned by institutional investors.

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.