Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
CVR Energy, Inc. (NYSE: CVI)
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company’s refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR’s refineries is supplied through its wholly owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company’s customers include retailers, railroads, and farm cooperatives.
A quick look at the price chart below for CVR Energy shows us that the stock is up 36% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.10 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in CVR Energy include:
Carl Icahn – 71,198,718 total shares
Jim Simons – 1,343,441 total shares
Cliff Asness – 250,388 total shares
Ken Griffin – 130,503 total shares
Joel Greenblatt – 94,581 total shares
Ray Dalio – 50,390 total shares
Paul Tudor Jones – 9,638 total shares
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