CVR Energy, Inc. (NYSE:CVI) Major Shareholder Acquires $1,393,532.90 in Stock

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn acquired 77,851 shares of CVR Energy stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost 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 of the company’s stock, valued at $1,253,772,456.60. The trade was a 0.11 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Energy Trading Down 1.3 %

Shares of NYSE:CVI traded down $0.24 during trading on Tuesday, reaching $17.69. The stock had a trading volume of 824,196 shares, compared to its average volume of 1,234,366. CVR Energy, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $34.51. The business has a fifty day moving average price of $18.89 and a 200-day moving average price of $19.65. The stock has a market cap of $1.78 billion, a P/E ratio of 294.93 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI) last issued 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 business had revenue of $1.95 billion for 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%. As a group, analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Scotiabank cut their target price on shares of CVR Energy from $22.00 to $16.00 and set a “sector underperform” rating for the company in a research report on Friday. Mizuho upped their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, CVR Energy currently has a consensus rating of “Reduce” and a consensus price target of $21.20.

Institutional Trading of CVR Energy

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of CVR Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock worth $77,496,000 after acquiring an additional 154,125 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 during the period. State Street Corp boosted its holdings in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after purchasing an additional 317,475 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock valued at $14,675,000 after purchasing an additional 143,941 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of CVR Energy by 36.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock valued at $14,548,000 after buying an additional 207,872 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

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.