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

CVR Energy, Inc. (NYSE:CVI - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders bought 8,973 call options on the company. This represents an increase of 951% compared to the typical daily volume of 854 call options.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn bought 206,571 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $17.79 per share, with a total value of $3,674,898.09. Following the completion of the purchase, the insider now directly owns 67,780,774 shares in the company, valued at $1,205,819,969.46. This represents a 0.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 1,633,853 shares of company stock worth $28,497,570. Insiders own 0.01% of the company's stock.

Hedge Funds Weigh In On CVR Energy

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position 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 worth $77,496,000 after buying an additional 154,125 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in CVR Energy by 12.3% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in CVR Energy by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock valued at $14,675,000 after purchasing an additional 143,941 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in CVR Energy by 36.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company's stock valued at $14,548,000 after purchasing an additional 207,872 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in CVR Energy by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 774,247 shares of the oil and gas company's stock worth $14,513,000 after purchasing an additional 3,261 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CVI shares. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho increased their target price on CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Finally, Scotiabank reduced their price target 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. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $21.20.

CVR Energy Stock Down 0.0 %

NYSE CVI traded down $0.01 on Tuesday, hitting $18.70. 646,699 shares of the stock were exchanged, compared to its average volume of 1,241,702. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $33.51. The company has a 50-day moving average price of $18.79 and a 200-day moving average price of $19.29. The company has a market cap of $1.88 billion, a PE ratio of 312.30 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.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.32. The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.61 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 EPS. Sell-side analysts anticipate that CVR Energy will post -0.12 EPS for the current fiscal year.

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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