CVR Energy (NYSE:CVI) Rating Increased to Hold at StockNews.com

CVR Energy (NYSE:CVI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

CVI has been the subject of a number of other research reports. Mizuho lifted their target price on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy has a consensus rating of “Reduce” and a consensus price target of $23.00.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $18.47 on Wednesday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 26.76 and a beta of 1.57. 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 50 day moving average price of $19.16 and a 200-day moving average price of $21.17. CVR Energy has a one year low of $15.60 and a one year high of $38.07.

CVR Energy (NYSE:CVI) last announced 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). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. Equities analysts expect that CVR Energy will post -0.86 EPS for the current year.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were bought at an average price 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 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 document filed with the SEC, which is available at this link. 0.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CVR Energy

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of CVR Energy in the 3rd quarter worth $43,000. R Squared Ltd purchased a new stake in shares of CVR Energy in the 4th quarter worth $36,000. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 55.3% in the 4th 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 period. Larson Financial Group LLC lifted its holdings in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after buying an additional 2,698 shares during the period. Finally, FMR LLC lifted its holdings in shares of CVR Energy by 103.4% in the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after buying an additional 2,049 shares during the period. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

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.