Shares of CVR Energy, Inc. (NYSE:CVI) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.25.
Several equities research analysts have recently commented on CVI shares. Scotiabank started coverage on CVR Energy in a research note on Thursday, August 15th. They set an “underperform” rating for the company. Citigroup cut CVR Energy from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Friday, June 21st. Goldman Sachs Group cut CVR Energy from a “neutral” rating to a “sell” rating and set a $48.00 price target for the company. in a research note on Monday, July 29th. Finally, Tudor Pickering upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.
A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of CVR Energy by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 411,170 shares of the oil and gas company’s stock valued at $14,176,000 after acquiring an additional 36,756 shares during the last quarter. SG Americas Securities LLC grew its position in shares of CVR Energy by 10.7% in the first quarter. SG Americas Securities LLC now owns 3,226 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 311 shares during the last quarter. Rhumbline Advisers grew its position in shares of CVR Energy by 6.4% in the first quarter. Rhumbline Advisers now owns 24,479 shares of the oil and gas company’s stock valued at $1,009,000 after purchasing an additional 1,476 shares during the last quarter. US Bancorp DE grew its position in shares of CVR Energy by 754.4% in the first quarter. US Bancorp DE now owns 10,637 shares of the oil and gas company’s stock valued at $438,000 after purchasing an additional 9,392 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of CVR Energy in the first quarter valued at approximately $166,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Shares of CVR Energy stock traded up $0.98 during trading hours on Friday, hitting $43.90. 6,841 shares of the company were exchanged, compared to its average volume of 586,017. CVR Energy has a 1 year low of $30.46 and a 1 year high of $55.52. The company has a current ratio of 2.40, a quick ratio of 1.59 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $42.14 and a 200-day moving average of $45.38. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 10.84 and a beta of 1.39.
CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. CVR Energy had a return on equity of 21.99% and a net margin of 5.68%. The business had revenue of $1.69 billion during the quarter.
CVR Energy Company Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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