CVR Energy, Inc. (NYSE:CVI) Receives Average Rating of “Strong Sell” from Analysts

CVR Energy, Inc. (NYSE:CVI) has been assigned a consensus recommendation of “Strong Sell” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.00.

Several research analysts have recently issued reports on the company. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Mizuho upped their price target on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday.

Insider Activity 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 dated Wednesday, January 8th. The shares were acquired at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the acquisition, the insider now directly owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 1,492,540 shares of company stock valued at $27,049,928 in the last three months. 0.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after buying an additional 317,475 shares during the period. Two Sigma Investments LP lifted its position in CVR Energy by 56.2% during the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after acquiring an additional 269,763 shares during the period. Millennium Management LLC grew its stake in shares of CVR Energy by 1,203.0% in the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company’s stock valued at $5,362,000 after purchasing an additional 264,143 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of CVR Energy by 744.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company’s stock valued at $5,493,000 after purchasing an additional 258,436 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of CVR Energy by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock worth $40,876,000 after purchasing an additional 238,081 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Down 0.6 %

Shares of CVR Energy stock opened at $20.12 on Friday. CVR Energy has a 52-week low of $15.60 and a 52-week high of $38.07. The company has a 50 day moving average of $19.55 and a 200 day moving average of $20.19. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $2.02 billion, a P/E ratio of 335.36 and a beta of 1.55.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. As a group, research analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

About CVR Energy

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.