CVR Energy, Inc. (NYSE:CVI) Receives $22.00 Average Target Price from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have been assigned an average rating of “Strong Sell” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.00.

A number of analysts recently weighed in on CVI shares. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho boosted their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price target on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday.

CVR Energy Trading Down 1.6 %

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

CVR Energy (NYSE:CVI) last released its quarterly 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). The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Analysts predict that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn bought 206,571 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $17.79 per share, with a total value of $3,674,898.09. Following the transaction, the insider now directly owns 67,780,774 shares in the company, valued at approximately $1,205,819,969.46. This trade represents a 0.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 1,492,540 shares of company stock worth $27,049,928. 0.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in CVR Energy during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. increased its holdings 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 worth $38,000 after acquiring an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy in the 3rd quarter worth about $43,000. Larson Financial Group LLC boosted its stake in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 2,698 shares during the last quarter. Finally, FMR LLC raised its position in shares of CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 2,049 shares during the last quarter. Hedge funds and other 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.