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
blog comments powered by Disqus
Insider Monkey Headlines
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

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

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!