Carl Icahn’s 2022 Portfolio: 4 Value Stock Picks

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

Icahn Capital’s Stake Value: $1,818,415,000

Percentage of Icahn Capital’s 13F Portfolio: 8.31%

PE Ratio as of May 31: 9.56

Number of Hedge Fund Holders: 17

CVR Energy, Inc. (NYSE:CVI) engages in the petroleum refining business and nitrogen fertilizer manufacturing activities in the United States. The stock is among the top 13F holdings of Icahn Capital and is one of the best value stock picks of Mr. Icahn. As of May 31, CVR Energy, Inc. (NYSE:CVI) has gained 121.41% over the past six months and has a forward PE ratio of 9.56, trading at $34.43 per share with the company’s market capitalization sitting at $3.46 billion.

On May 2, CVR Energy, Inc. (NYSE:CVI) reported earnings for the fiscal first quarter of 2022. The company reported earnings per share of $0.02 and missed EPS estimates by $0.02. CVR Energy, Inc. (NYSE:CVI) generated revenues of $2.37 billion, up 62.20% year over year, beating revenue consensus by $547.76 million.

As of March 31, Icahn Capital owns over 71.19 million shares of CVR Energy, Inc. (NYSE:CVI) which amounts to a stake of $1.81 billion. The investment covers 8.31% of Carl Icahn’s 13F portfolio.

On May 17, JPMorgan analyst Phil Gresh raised his price target on CVR Energy, Inc. (NYSE:CVI) to $32 from $26 and reiterated an Underweight rating on the shares.

At the end of the first quarter of 2022, 17 hedge funds were bullish on CVR Energy, Inc. (NYSE:CVI) with stakes worth $1.88 billion. This is compared to 13 hedge funds in the fourth quarter of 2021 with stakes of $1.23 billion. The hedge fund sentiment for the stock is positive.

You can also take a look at 11 Best Value Stocks To Buy According To Warren Buffett and 10 Cheap Value Stocks To Buy According To Seth Klarman.

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