CVR Energy, Inc. (NYSE:CVI – Get Free Report) major shareholder Carl C. Icahn acquired 138,853 shares of CVR Energy stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the acquisition, the insider now owns 68,446,293 shares in the company, valued at $1,232,717,736.93. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a filing with the SEC, 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 Price Performance
CVI stock opened at $19.28 on Friday. The business has a 50 day moving average price of $19.33 and a 200 day moving average price of $20.44. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 321.30 and a beta of 1.55. CVR Energy, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. 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 – Get Free Report) last posted 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). 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%. Equities research analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CVR Energy
Wall Street Analyst Weigh In
CVI has been the subject of several research reports. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Mizuho lifted their target price on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report 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, CVR Energy has a consensus rating of “Reduce” and a consensus target price of $23.00.
View Our Latest Stock Report on CVR Energy
About CVR Energy
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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