CVR Energy (NYSE:CVI) Upgraded by StockNews.com to Hold Rating

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

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

CVR Energy Trading Down 0.5 %

Shares of CVR Energy stock opened at $18.47 on Wednesday. CVR Energy has a 1-year low of $15.60 and a 1-year high of $38.07. The company’s fifty day simple moving average is $19.16 and its 200-day simple moving average is $21.17. 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 market capitalization of $1.86 billion, a PE ratio of 26.76 and a beta of 1.57.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. As a group, equities analysts anticipate that CVR Energy will post -0.86 earnings per share for the current year.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the firm’s stock in a transaction that occurred 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 purchase, the insider now owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of CVR Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVI. GTS Securities LLC purchased a new position in CVR Energy during the 4th quarter valued at approximately $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CVR Energy by 1.7% during the 4th 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 valued at $1,130,000 after buying an additional 1,035 shares in the last quarter. Two Sigma Investments LP grew its holdings in CVR Energy by 56.2% during the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock valued at $14,059,000 after buying an additional 269,763 shares in the last quarter. Thomist Capital Management LP purchased a new position in CVR Energy during the 4th quarter valued at approximately $781,000. Finally, Redwood Investment Management LLC grew its holdings in CVR Energy by 27.3% during the 4th quarter. Redwood Investment Management LLC now owns 24,683 shares of the oil and gas company’s stock valued at $463,000 after buying an additional 5,300 shares in the last quarter. Institutional investors 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.