Mizuho Raises CVR Energy (NYSE:CVI) Price Target to $25.00

CVR Energy (NYSE:CVI) had its target price boosted by stock analysts at Mizuho from $21.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target would suggest a potential upside of 6.97% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Scotiabank restated an “underperform” rating on shares of CVR Energy in a research note on Monday, May 5th. The Goldman Sachs Group cut their price objective on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a research report on Thursday, March 27th. Finally, StockNews.com downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Price Performance

Shares of NYSE CVI opened at $23.37 on Tuesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 389.56 and a beta of 1.02. The firm’s 50 day simple moving average is $19.21 and its 200-day simple moving average is $19.05. CVR Energy has a 12 month low of $15.10 and a 12 month high of $30.44.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. Analysts expect that CVR Energy will post -0.12 EPS for the current year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 206,571 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $17.79 per share, for a total transaction of $3,674,898.09. Following the completion of the transaction, the insider now owns 67,780,774 shares of the company’s stock, valued at $1,205,819,969.46. The trade was a 0.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders bought 1,641,760 shares of company stock worth $28,641,557. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of CVR Energy

A number of hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 646 shares during the last quarter. R Squared Ltd purchased a new position in CVR Energy during the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its stake in CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after buying an additional 731 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in CVR Energy by 1,030.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,772 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of CVR Energy by 106.6% in the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 1,114 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.