CVR Energy, Inc. (NYSE:CVI) Major Shareholder Purchases $3,934,062.00 in Stock

CVR Energy, Inc. (NYSE:CVI) major shareholder Carl C. Icahn purchased 244,200 shares of CVR Energy stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $16.11 per share, with a total value of $3,934,062.00. Following the completion of the transaction, the insider now owns 69,107,178 shares in the company, valued at approximately $1,113,316,637.58. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Price Performance

CVR Energy stock traded up $0.24 during mid-day trading on Monday, hitting $16.30. 1,994,110 shares of the company were exchanged, compared to its average volume of 1,219,957. CVR Energy, Inc. has a 12-month low of $15.29 and a 12-month high of $37.66. The company has a market capitalization of $1.64 billion, a P/E ratio of 271.63 and a beta of 1.26. The business’s 50 day simple moving average is $19.27 and its two-hundred day simple moving average is $20.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. The Goldman Sachs Group dropped their price objective on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research note on Thursday, March 27th. Mizuho raised their price target on CVR Energy from $20.00 to $21.00 and gave the company a “neutral” rating in a research report 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 equities research 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, CVR Energy currently has an average rating of “Reduce” and an average price target of $22.20.

Institutional Investors Weigh In On CVR Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CVI. Vanguard Group Inc. lifted its stake in shares of CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after buying an additional 154,125 shares during the period. Dimensional Fund Advisors LP boosted its position in CVR Energy by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock worth $40,876,000 after purchasing an additional 238,081 shares during the period. State Street Corp boosted its position in shares of 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 buying an additional 317,475 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of CVR Energy by 22.5% in the fourth 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 buying an additional 143,941 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings 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 currently owned by hedge funds and other 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.