Insider Buying: CVR Energy, Inc. (NYSE:CVI) Major Shareholder Purchases 66,900 Shares of Stock

CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn bought 66,900 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $18.15 per share, for a total transaction of $1,214,235.00. Following the completion of the transaction, the insider now directly owns 68,217,972 shares of the company's stock, valued at $1,238,156,191.80. This represents a 0.10 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Energy Trading Up 5.3 %

CVI traded up $0.97 on Friday, hitting $19.28. The company had a trading volume of 935,979 shares, compared to its average volume of 1,181,147. The company has a market cap of $1.94 billion, a PE ratio of 321.30 and a beta of 1.55. CVR Energy, Inc. has a 12-month low of $15.60 and a 12-month high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The business's fifty day simple moving average is $19.33 and its 200 day simple moving average is $20.41.

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) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The company 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%. Equities research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVI. State Street Corp grew 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 acquiring an additional 317,475 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock valued at $14,059,000 after buying an additional 269,763 shares during the period. Millennium Management LLC boosted its position in shares of CVR Energy by 1,203.0% during the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock valued at $5,362,000 after buying an additional 264,143 shares during the period. ExodusPoint Capital Management LP boosted its position in shares of CVR Energy by 744.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock valued at $5,493,000 after buying an additional 258,436 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of CVR Energy by 12.3% during 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 buying an additional 238,081 shares during the period. Hedge funds and other institutional investors own 98.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVI. The Goldman Sachs Group decreased their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Friday, December 6th. Mizuho lifted their target price on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating and three have issued 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 target price of $23.00.

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.