Investors Purchase High Volume of Call Options on CVR Energy (NYSE:CVI)

CVR Energy, Inc. (NYSE:CVI - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 8,973 call options on the company. This represents an increase of 951% compared to the typical volume of 854 call options.

CVR Energy Stock Performance

CVI traded up $0.86 during trading on Friday, reaching $20.21. 1,011,715 shares of the company's stock were exchanged, compared to its average volume of 1,240,011. The company has a market capitalization of $2.03 billion, a P/E ratio of 336.89 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The business has a 50 day moving average price of $18.71 and a 200 day moving average price of $19.19. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $30.44.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.32. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm's revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. As a group, analysts predict that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 3,610 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $18.24 per share, with a total value of $65,846.40. Following the completion of the transaction, the insider now owns 67,574,203 shares in the company, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 1,641,760 shares of company stock worth $28,641,557. Corporate insiders own 0.01% of the company's stock.

Hedge Funds Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently modified their holdings of CVI. Barclays PLC lifted its holdings in shares of CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock valued at $1,797,000 after acquiring an additional 53,203 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CVR Energy by 22.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock worth $14,675,000 after purchasing an additional 143,941 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of CVR Energy during the 4th quarter worth about $736,000. Vanguard Group Inc. lifted its holdings in CVR Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock valued at $77,496,000 after purchasing an additional 154,125 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ acquired a new position in CVR Energy in the fourth quarter valued at about $637,000. Institutional investors own 98.88% of the company's stock.

Wall Street Analyst Weigh In

CVI has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Scotiabank dropped their target price on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating on the stock in a research report on Friday, April 11th. Mizuho increased their price target on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $21.20.

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.