More Than a Quarter of Billionaire Carl Icahn's Portfolio Is In These 3 Energy Stocks [Yahoo! Finance]
CVR Energy Inc. (CVI)
US:NYSE Investor Relations:
investors.cvrenergy.com
Company Research
Source: Yahoo! Finance
Each stock has very different characteristics, so if you want to follow Icahn, be sure to understand all three. This 1 stock is Icahn's biggest bet Icahn may have more than one quarter of his portfolio in just three energy stocks, but most of that quarter is comprised of a single stock: CVR Energy (NYSE: CVI) CVR Energy is primarily a petroleum refiner, making products like gasoline and nitrogen fertilizer. This is a very different business than an upstream petroleum company, which produces the raw input that CVR Energy then refines. Whereas an oil and gas producer wants commodity prices to rise, thus raising its profit margins, refiners like CVR Energy are more interested in crack spreads -- the value difference between raw petroleum and its refined byproducts. Because CVR Energy is simply capturing this "middleman" value, it can make money in all types of pricing environments. To be sure, it's still heavily exposed to crude oil pricing fluctuations, but compared to energy pr
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CVI
News
- CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables BusinessesGlobeNewswire
- CVR Energy, Inc. (NYSE: CVI) had its price target lowered by analysts at UBS Group AG from $37.00 to $33.75. They now have a "neutral" rating on the stock.MarketBeat
- CVR Energy, Inc. (NYSE: CVI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CVR (CVI) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Best Income Stocks to Buy for May 2nd [Yahoo! Finance]Yahoo! Finance
CVI
Earnings
- 4/29/24 - Beat
CVI
Sec Filings
- 5/14/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/29/24 - Form 8-K
- CVI's page on the SEC website