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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!