CVR Energy (NYSE:CVI) Upgraded at StockNews.com

StockNews.com upgraded shares of CVR Energy (NYSE:CVI) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other analysts have also recently commented on CVI. The Goldman Sachs Group decreased their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Stock Performance

CVR Energy stock opened at $20.34 on Wednesday. CVR Energy has a 52-week low of $15.60 and a 52-week high of $38.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $21.12. The firm has a market capitalization of $2.04 billion, a P/E ratio of 338.97 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced 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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 4.99% and a net margin of 0.09%. As a group, analysts anticipate that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The stock was bought 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 approximately $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of CVR Energy in the fourth quarter valued at $36,000. PNC Financial Services Group Inc. lifted its stake in 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 valued at $38,000 after purchasing an additional 731 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in CVR Energy during the third quarter worth about $43,000. Larson Financial Group LLC increased its position in CVR Energy by 640.9% during the third 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 last quarter. Finally, FMR LLC increased its position in CVR Energy by 103.4% during the third 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 last quarter. Institutional investors 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.