CVR Energy (NYSE:CVI) Shares Gap Up – Time to Buy?

CVR Energy, Inc. (NYSE:CVI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $18.49, but opened at $20.71. CVR Energy shares last traded at $21.79, with a volume of 326,047 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Friday, December 6th. Mizuho increased their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Stock Performance

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a fifty day simple moving average of $19.16 and a two-hundred day simple moving average of $21.17. The stock has a market cap of $2.08 billion, a PE ratio of 30.02 and a beta of 1.57.

CVR Energy (NYSE:CVI) last posted its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. Equities analysts anticipate that CVR Energy, Inc. will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is currently owned by corporate insiders.

Institutional Trading of CVR Energy

A number of hedge funds have recently made changes to their positions in CVI. GF Fund Management CO. LTD. acquired a new stake in CVR Energy in the fourth quarter valued at $198,000. GTS Securities LLC acquired a new stake in shares of CVR Energy in the 4th quarter valued at about $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CVR Energy by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock worth $1,130,000 after purchasing an additional 1,035 shares during the last quarter. Two Sigma Investments LP grew its stake in CVR Energy by 56.2% in the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after purchasing an additional 269,763 shares in the last quarter. Finally, Thomist Capital Management LP acquired a new position in CVR Energy in the fourth quarter worth about $781,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.