CVR Energy (NYSE:CVI – Free Report) had its price objective hoisted by Mizuho from $18.00 to $20.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.
CVI has been the topic of several other research reports. Scotiabank decreased their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group lowered their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Finally, Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.00.
Check Out Our Latest Research Report on CVR Energy
CVR Energy Price Performance
CVR Energy (NYSE:CVI – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $1.89 EPS. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. Sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.
Hedge Funds Weigh In On CVR Energy
Several institutional investors have recently modified their holdings of CVI. SIR Capital Management L.P. purchased a new position in CVR Energy in the second quarter valued at $17,907,000. State Street Corp boosted its stake in shares of 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 during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of CVR Energy during the third quarter worth about $5,335,000. American Century Companies Inc. increased its stake in shares of CVR Energy by 60.3% during the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock worth $10,917,000 after buying an additional 153,396 shares during the period. Finally, Denali Advisors LLC raised its holdings in CVR Energy by 323.6% in the second quarter. Denali Advisors LLC now owns 159,162 shares of the oil and gas company’s stock valued at $4,261,000 after acquiring an additional 121,590 shares in the last quarter. Institutional investors and hedge funds 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.
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