How are energy investors positioned?
SUNNY ISLES BEACH, FL—Carl C. Icahn, a prominent investor and significant shareholder, has recently increased his stake in CVR Energy Inc . (NYSE:CVI), a $1.78 billion market cap company, with a series of stock purchases totaling approximately $6.2 million. These transactions took place over three consecutive days, from April 11 to April 15, 2025, during a period when the stock showed strong momentum with a nearly 10% gain over the past week. According to InvestingPro analysis, the company currently maintains a FAIR financial health rating.
According to the latest SEC filings, Icahn acquired a total of 352,855 shares of CVR Energy. The purchases were executed at prices ranging from $17.31 to $17.90 per share, with the stock currently offering an impressive 19.74% dividend yield. Following these transactions, Icahn’s total holdings in the company have increased to 70,125,482 shares. InvestingPro subscribers can access 10+ additional investment insights about CVI, including detailed valuation metrics and growth forecasts.
These transactions were conducted under a Rule 10b5-1 trading plan adopted earlier this year. The filings note that the shares are held indirectly through various entities tied to Icahn Enterprises (NASDAQ:IEP) Holdings L.P., Icahn Enterprises G.P. Inc., and other affiliated entities.
Icahn’s continued investment in CVR Energy, a company engaged in petroleum refining, underscores his ongoing interest in the energy sector. As a ten percent owner, his investment decisions are closely watched by market participants.
In other recent news, CVR Energy reported its fourth-quarter earnings, surpassing consensus estimates. The company posted a narrower adjusted loss per share of $0.13, compared to analysts’ expectations of $0.42, with revenue reaching $1.95 billion, slightly above the $1.93 billion consensus. Despite a year-over-year decline in net income, CVR Energy achieved a net income of $28 million for the quarter. Mizuho (NYSE:MFG) Securities recently adjusted its price target for CVR Energy stock from $20 to $21, anticipating first-quarter earnings to fall short of consensus due to operational disruptions at the Coffeyville facility. UBS also maintained a Neutral rating with a $21 price target, expecting a more significant loss in first-quarter earnings per share due to maintenance at the Coffeyville Refinery. Additionally, CVR Energy expanded its Board of Directors with the appointments of Robert E. Flint and Colin Kwak, both associated with Icahn Enterprises. These appointments follow the resignation of Ted Papapostolou and reflect the company’s strategic alignment with its majority shareholder.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.