5 Best Stocks to Buy According to Billionaire Carl Icahn

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

Icahn’s Stake Value: $1,365,591,000
Percent of Carl Icahn’s 13F Portfolio: 5.72%
Number of Hedge Fund Holders: 18

CVR Energy, Inc. (NYSE: CVI) along with its subsidiaries is involved in petroleum refining and the manufacturing or nitrogen fertilizers in the US. The company announced a net loss of $39 million or $0.39 per diluted share compared to a net loss of $87 million or $0.87 per diluted share in Q1 of 2020. Moreover, the first quarter EBITDA was less than $1 million compared to a loss of $38 million in the same quarter of the previous year. Consolidated cash and cash equivalents were $707 million as of March 31, 2021, an increase of $40 million from December 31, 2020.

It is clear that the company is on track for recovery from the effects of the COVID-19 pandemic. The board of CVR Energy, Inc. (NYSE: CVI) has also approved a special dividend of $492 million which is payable to Delek US Holdings, Inc. by July 26, 2021.