This Metric Says You Are Smart to Buy CVR Energy, Inc. (CVI)

Page 1 of 2

Is it smart to be bullish on CVR Energy, Inc. (NYSE:CVI)?

In today’s marketplace, there are tons of gauges shareholders can use to monitor the equity markets. A duo of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best investment managers can trounce the market by a superb amount (see just how much).

Just as crucial, optimistic insider trading sentiment is another way to look at the world of equities. There are a variety of stimuli for an executive to downsize shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various academic studies have demonstrated the useful potential of this strategy if you understand what to do (learn more here).

Furthermore, let’s examine the recent info for CVR Energy, Inc. (NYSE:CVI).

CVR Energy, Inc. (NYSE:CVI)

What does the smart money think about CVR Energy, Inc. (NYSE:CVI)?

In preparation for the third quarter, a total of 16 of the hedge funds we track were long in this stock, a change of 7% from one quarter earlier. With hedge funds’ capital changing hands, there exists a select group of notable hedge fund managers who were upping their stakes significantly.

According to our 13F database, Carl Icahn’s Icahn Capital LP had the biggest position in CVR Energy, Inc. (NYSE:CVI), worth close to $3.3748 billion, accounting for 15.7% of its total 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $31.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Other hedgies with similar optimism include John Overdeck and David Siegel’s Two Sigma Advisors, Cliff Asness’s AQR Capital Management and Joel Greenblatt’s Gotham Asset Management.

As one would understandably expect, certain money managers have jumped into CVR Energy, Inc. (NYSE:CVI) headfirst. Icahn Capital LP, managed by Carl Icahn, assembled the biggest position in CVR Energy, Inc. (NYSE:CVI). Icahn Capital LP had 3.3748 billion invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $31.4 million investment in the stock during the quarter. The following funds were also among the new CVI investors: John Overdeck and David Siegel’s Two Sigma Advisors, Cliff Asness’s AQR Capital Management, and Joel Greenblatt’s Gotham Asset Management.

How are insiders trading CVR Energy, Inc. (NYSE:CVI)?

Insider buying made by high-level executives is at its handiest when the company in question has seen transactions within the past six months. Over the last six-month time frame, CVR Energy, Inc. (NYSE:CVI) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to CVR Energy, Inc. (NYSE:CVI). These stocks are Access Midstream Partners LP (NYSE:ACMP), Western Refining, Inc. (NYSE:WNR), Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI), PBF Energy Inc (NYSE:PBF), and InterOil Corporation (USA) (NYSE:IOC). This group of stocks belong to the oil & gas refining & marketing industry and their market caps are closest to CVI’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!