CVR Energy Target of Unusually Large Options Trading (NYSE:CVI)

CVR Energy Inc. (NYSE:CVI) was the target of unusually large options trading on Monday. Traders bought 2,513 call options on the stock. This represents an increase of approximately 67% compared to the average daily volume of 1,506 call options.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn bought 275,012 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the transaction, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. This represents a 0.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders purchased 783,404 shares of company stock worth $16,445,044. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in CVR Energy in the 4th quarter valued at $40,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Energy during the fourth quarter worth $47,000. Horizon Investments LLC bought a new stake in shares of CVR Energy during the fourth quarter worth $47,000. Quarry LP bought a new stake in shares of CVR Energy during the third quarter worth $50,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CVR Energy during the second quarter worth $53,000. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CVI shares. The Goldman Sachs Group started coverage on CVR Energy in a research report on Friday, April 10th. They set a “sell” rating and a $30.00 target price for the company. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings downgraded CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. Mizuho raised their target price on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Finally, Scotiabank upgraded CVR Energy to a “strong sell” rating in a research report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, CVR Energy currently has a consensus rating of “Strong Sell” and a consensus price target of $31.25.

CVR Energy Trading Up 2.7%

Shares of CVI opened at $30.23 on Tuesday. The stock has a fifty day moving average price of $28.36 and a two-hundred day moving average price of $29.90. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.13 and a current ratio of 1.79. CVR Energy has a 52-week low of $17.56 and a 52-week high of $41.67. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 116.25 and a beta of 0.94.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted ($0.13) EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts predict that CVR Energy will post 1.06 EPS for the current fiscal year.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.