5 Favorite Stocks of Activist Billionaire Carl Icahn

4. CVR Energy, Inc. (NYSE:CVI)

Icahn Capital LP’s Stake Value: $1,196,850,000

Percentage of Icahn Capital LP’s 13F Portfolio: 5.36%

Number of Hedge Fund Holders: 13

CVR Energy, Inc. (NYSE:CVI) is a subsidiary of Icahn Enterprises L.P. (NASDAQ:IEP), operating  in the petroleum refining and nitrogen fertilizer markets in the United States. Carl Icahn, as of Q4 2021, owns more than 71 million shares of CVR Energy, Inc. (NYSE:CVI), worth $1.19 billion, representing 5.36% of the total 13F portfolio. 

On February 1, Citi analyst Prashant Rao reiterated a Neutral rating on CVR Energy, Inc. (NYSE:CVI) and lowered the firm’s price target on the shares to $21 from $23. 

In 2021, CVR Energy, Inc. (NYSE:CVI)’s full-year revenue came in at $7.2 billion, compared to $3.9 billion in 2020. Net income in 2021 stood at $25 million, a sharp rebound from the loss of $256 million in the preceding year. 

According to Insider Monkey’s Q4 database, 13 hedge funds placed long bets on CVR Energy, Inc. (NYSE:CVI), compared to 16 funds in the prior quarter. The total stakes held in the fourth quarter of 2021 amounted to $1.2 billion. Renaissance Technologies is a notable shareholder of the company, with a $10.3 million position.