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

CVR Energy (NYSE:CVI) had its target price decreased by analysts at Mizuho from $27.00 to $25.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target suggests a potential upside of 5.04% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Scotiabank boosted their price target on shares of CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, July 31st. StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. UBS Group lowered their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. cut their price objective on CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, July 2nd. Four equities research 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, the stock presently has a consensus rating of “Reduce” and a consensus target price of $26.50.

CVR Energy Stock Performance

Shares of CVI stock opened at $23.80 on Monday. The stock has a market cap of $2.39 billion, a PE ratio of 3.65 and a beta of 1.49. The stock has a 50-day moving average of $24.89 and a 200-day moving average of $28.85. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93. CVR Energy has a one year low of $21.05 and a one year high of $38.07.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.39. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, sell-side analysts expect that CVR Energy will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On CVR Energy

Several institutional investors and hedge funds have recently modified their holdings of CVI. Truist Financial Corp raised its holdings in CVR Energy by 19.3% in the 4th quarter. Truist Financial Corp now owns 9,734 shares of the oil and gas company’s stock valued at $295,000 after acquiring an additional 1,574 shares during the period. Swiss National Bank increased its stake in shares of CVR Energy by 4.7% during the fourth quarter. Swiss National Bank now owns 69,400 shares of the oil and gas company’s stock worth $2,103,000 after purchasing an additional 3,100 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in CVR Energy by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 554,792 shares of the oil and gas company’s stock worth $16,810,000 after purchasing an additional 11,614 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in CVR Energy by 119.8% in the 4th quarter. Teacher Retirement System of Texas now owns 23,831 shares of the oil and gas company’s stock valued at $722,000 after purchasing an additional 12,991 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in CVR Energy by 29.0% in the 4th quarter. BNP Paribas Financial Markets now owns 123,088 shares of the oil and gas company’s stock valued at $3,730,000 after buying an additional 27,676 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.