CVR Energy, Inc. (NYSE:CVI) Receives $22.00 Consensus PT from Brokerages

Shares of CVR Energy, Inc. (NYSE:CVI) have earned an average recommendation of “Strong Sell” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.00.

CVI has been the topic of a number of recent research reports. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. The Goldman Sachs Group lowered their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday. Finally, Mizuho upped their target price on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th.

CVR Energy Stock Down 1.6 %

Shares of NYSE:CVI opened at $19.82 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. CVR Energy has a 1-year low of $15.60 and a 1-year high of $38.07. The firm has a fifty day moving average price of $19.53 and a 200 day moving average price of $20.16. The stock has a market cap of $1.99 billion, a P/E ratio of 330.37 and a beta of 1.55.

CVR Energy (NYSE:CVI) last released its earnings results 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). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Sell-side analysts predict that CVR Energy will post -0.12 EPS for the current year.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This represents a 1.32 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have 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 Trading of CVR Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CVR Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 683 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $38,000 after acquiring an additional 731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 buying an additional 1,035 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of CVR Energy by 14.3% in the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 1,275 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of CVR Energy by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock worth $259,000 after buying an additional 1,400 shares during the period. 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.