Carl Icahn Initiated A New 14.54% Activist Stake In CVR Energy

ICAHN CAPITAL LPCarl Icahn recently filed for his new position in CVR Energy Inc. (CVI). According to a SEC regulatory disclosure, Carl Icahn now has 12.58 million shares of CVI in his portfolio, giving him a 14.54% activist stake ownership. In the third quarter, Carl Icahn did not have a position in the CVI. CVI slumped in late November and dropped nearly 40% in one month, so Icahn might have seen this decline as a buying opportunity. It’s possible that he bought most shares at round $19. Now CVI is trading at $23.50.

David Tepper is also bullish about CVI. His Appaloosa Management reported 6.31 million shares of CVI as of the end of September. Dan Loeb’s Third Point also had 4 million shares of CVI at that time. It’s clear that Carl Icahn has become CVI’s largest hedge fund stakeholder by now.

CVR Energy, Inc. “is an independent petroleum refiner and marketer of transportation fuels. In addition, CVR Energy owns all of the interests (other than the managing general partner interest and associated incentive distribution rights (the IDRs)) in CVR Partners, LP (the Partnership), is a limited partnership, which produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It has two business segments: petroleum and nitrogen fertilizer.” according to Google Finance.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!