CVR Energy, Inc. (NYSE:CVI - Get Free Report) major shareholder Carl C. Icahn acquired 29,972 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $18.21 per share, with a total value of $545,790.12. Following the transaction, the insider now owns 70,240,376 shares in the company, valued at approximately $1,279,077,246.96. This trade represents a 0.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
CVR Energy Trading Down 3.2 %
Shares of CVI stock opened at $17.89 on Thursday. The stock has a market cap of $1.80 billion, a P/E ratio of 298.13 and a beta of 1.26. CVR Energy, Inc. has a 1 year low of $15.10 and a 1 year high of $33.63. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock has a 50 day simple moving average of $18.82 and a 200 day simple moving average of $19.44.
CVR Energy (NYSE:CVI - Get Free Report) last released its 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 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 the consensus estimate of $1.85 billion. On average, research analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CVR Energy
Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock valued at $32,000 after buying an additional 646 shares in the last quarter. R Squared Ltd acquired a new position in CVR Energy during the fourth quarter valued at approximately $36,000. PNC Financial Services Group Inc. lifted its stake in CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 731 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CVR Energy by 106.6% in the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CVR Energy in the 3rd quarter valued at $43,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CVI has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price 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. Scotiabank lowered their target price on CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research note on Friday, April 11th. Mizuho boosted their price target on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, StockNews.com raised 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 stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $21.20.
View Our Latest Stock 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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