20 Stocks Insiders Bought in April After Trump’s Tariff Rollout

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

CVR Energy is a diversified holding company with a primary focus on renewable fuels, petroleum refining, marketing, and nitrogen fertilizer production through its subsidiary, CVR Partners, LP. The company is also a key stock pick for billionaire hedge fund manager Carl Icahn.

This month, billionaire Carl Icahn increased his stake in CVR Energy by buying $9.47 million worth of CVR Energy shares at an average price of $16.93 per share. The stock now trades at $16.35, having lost 12.75% since the beginning of the year. Over the past 12 months, the stock lost 54.98%.

For 2024, CVR Energy reported revenue of $7.61 billion, a 17.7% decline from $9.25 billion in 2023. Net income for shareholders was $7 million, or 6 cents per diluted share, down from $769 million, or $7.65 per share, in the prior year. The adjusted loss was 51 cents per diluted share, compared to adjusted earnings of $5.64 per share in 2023.

According to MarketBeat, five analysts rate CVR Energy stock as a “Moderate Sell” with a price target of $21.25 per share. The average price target suggests a 29.97% upside from the latest price.