CVR Energy, Inc. (NYSE:CVI) Receives Consensus Recommendation of “Strong Sell” from Analysts

CVR Energy, Inc. (NYSE:CVI) has earned an average recommendation of “Strong Sell” from the seven research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $23.00.

CVI has been the subject of a number of recent research reports. Scotiabank lowered their target price on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Mizuho boosted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. The Goldman Sachs Group dropped their price target 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. Finally, StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th.

CVR Energy Trading Up 2.0 %

Shares of CVR Energy stock opened at $18.97 on Friday. The firm’s 50 day moving average is $18.57 and its 200 day moving average is $22.34. The firm has a market capitalization of $1.91 billion, a PE ratio of 27.49 and a beta of 1.58. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84.

CVR Energy (NYSE:CVI) 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 the consensus estimate of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company posted $1.89 earnings per share. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. Equities research analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the acquisition, the insider now owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

Institutional Trading of CVR Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its holdings in shares of CVR Energy by 104.5% in the second quarter. Commonwealth Equity Services LLC now owns 16,704 shares of the oil and gas company’s stock valued at $447,000 after purchasing an additional 8,537 shares during the last quarter. Rhumbline Advisers lifted its position in shares of CVR Energy by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 107,345 shares of the oil and gas company’s stock worth $2,874,000 after buying an additional 5,656 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of CVR Energy by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 324,017 shares of the oil and gas company’s stock worth $8,674,000 after buying an additional 2,426 shares during the last quarter. Quest Partners LLC grew its holdings in shares of CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,119 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of CVR Energy by 176.7% during the second quarter. Texas Permanent School Fund Corp now owns 70,609 shares of the oil and gas company’s stock valued at $1,890,000 after acquiring an additional 45,094 shares during the last quarter. 98.88% of the stock is owned by institutional investors.

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.