CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn bought 3,610 shares of the firm's stock in a transaction on Friday, February 28th. The stock was bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the purchase, the insider now owns 67,574,203 shares of the company's stock, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, 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 Price Performance
Shares of NYSE CVI opened at $18.02 on Wednesday. The firm's 50-day simple moving average is $19.37 and its 200 day simple moving average is $20.75. The stock has a market cap of $1.81 billion, a P/E ratio of 300.38 and a beta of 1.57. 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, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.
CVR Energy (NYSE:CVI - Get Free Report) 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). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. Equities analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current year.
Hedge Funds Weigh In On CVR Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVI. State Street Corp lifted its holdings 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 valued at $47,789,000 after buying an additional 317,475 shares during the period. Two Sigma Investments LP lifted its holdings in 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 valued at $14,059,000 after acquiring an additional 269,763 shares during the last quarter. Millennium Management LLC boosted 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 purchasing an additional 264,143 shares in the last quarter. ExodusPoint Capital Management LP boosted its position in shares of CVR Energy by 744.9% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of CVR Energy by 12.3% in 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 last quarter. 98.88% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CVI has been the subject of a number of analyst reports. Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. The Goldman Sachs Group reduced their price target on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a report on Friday, December 6th. Finally, StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, CVR Energy has an average rating of "Reduce" and an average price target of $23.00.
View Our Latest Research Report on CVI
About CVR Energy
(
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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.
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