CVR Energy (NYSE:CVI) Rating Increased to Hold at StockNews.com

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

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

CVR Energy Stock Performance

NYSE CVI opened at $18.47 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. The business’s 50 day moving average is $19.16 and its two-hundred day moving average is $21.17. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07. The stock has a market capitalization of $1.86 billion, a price-to-earnings 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 (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. Research analysts expect that CVR Energy will post -0.86 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased 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 in the company, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in CVR Energy by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock valued at $77,496,000 after buying an additional 154,125 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CVR Energy by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after buying an additional 238,081 shares in the last quarter. State Street Corp lifted its stake in CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock valued at $14,675,000 after buying an additional 143,941 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of CVR Energy by 36.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock worth $14,548,000 after purchasing an additional 207,872 shares during the period. Hedge funds and other 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.