CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn purchased 76,268 shares of the business's stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $18.20 per share, with a total value of $1,388,077.60. Following the purchase, the insider now directly owns 68,151,072 shares in the company, valued at approximately $1,240,349,510.40. The trade was a 0.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
CVR Energy Trading Down 1.5 %
Shares of CVI stock opened at $18.08 on Friday. The firm has a 50-day moving average price of $19.37 and a 200 day moving average price of $20.68. CVR Energy, Inc. has a twelve month low of $15.60 and a twelve month high of $38.07. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 301.30 and a beta of 1.55. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15.
CVR Energy (NYSE:CVI - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. Research analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Mizuho lifted their price target on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. Five 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 stock currently has a consensus rating of "Reduce" and an average target price of $23.00.
Get Our Latest Stock Report on CVR Energy
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in CVR Energy in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. grew its holdings in CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after buying an additional 731 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in CVR Energy in the 3rd quarter valued at about $43,000. Larson Financial Group LLC grew its holdings in CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after buying an additional 2,698 shares during the period. Finally, FMR LLC grew its holdings in CVR Energy by 103.4% in 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 during the period. Institutional investors and hedge funds own 98.88% of the company's stock.
CVR Energy Company Profile
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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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