CVR Energy (NYSE:CVI) Given New $21.00 Price Target at Mizuho

CVR Energy (NYSE:CVI) had its price target hoisted by Mizuho from $20.00 to $21.00 in a research report released on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on the company. 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 report on Thursday, March 27th. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $22.20.

CVR Energy Stock Performance

NYSE:CVI opened at $19.23 on Tuesday. 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 firm has a 50-day moving average price of $19.45 and a 200 day moving average price of $20.13. The firm has a market capitalization of $1.93 billion, a PE ratio of 320.52 and a beta of 1.55. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07.

CVR Energy (NYSE:CVI) last issued its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Research analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 3,610 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the transaction, the insider now owns 67,574,203 shares of the company’s stock, valued at $1,232,553,462.72. The trade was a 0.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have acquired 1,492,540 shares of company stock valued at $27,049,928. 0.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CVR Energy

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of CVR Energy by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after purchasing an additional 154,125 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CVR Energy by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after buying an additional 238,081 shares during the period. State Street Corp increased its stake in shares of CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of CVR Energy by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock worth $14,675,000 after acquiring an additional 143,941 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of CVR Energy by 36.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock valued at $14,548,000 after acquiring an additional 207,872 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.