CVR Energy Inc. (NYSE:CVI) Given Consensus Rating of “Strong Sell” by Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have received a consensus rating of “Strong Sell” from the six analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.25.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of CVR Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a research note on Thursday. Wall Street Zen downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings cut shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th.

CVR Energy Trading Up 1.3%

Shares of CVI stock opened at $28.73 on Friday. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $41.67. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.13 and a current ratio of 1.79. The stock has a 50 day simple moving average of $23.85 and a two-hundred day simple moving average of $30.10. The company has a market cap of $2.89 billion, a P/E ratio of 110.51 and a beta of 1.12.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) EPS for the quarter, topping the consensus estimate of ($0.84) by $0.04. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS. Research analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.48 annualized dividend and a yield of 5.2%.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 275,012 shares of CVR Energy stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of $21.41 per share, for a total transaction of $5,888,006.92. Following the completion of the acquisition, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. This represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 783,404 shares of company stock valued at $16,445,044 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its holdings in CVR Energy by 2.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,081 shares of the oil and gas company’s stock worth $623,000 after purchasing an additional 363 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of CVR Energy by 2.9% in the third quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock valued at $778,000 after purchasing an additional 596 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of CVR Energy by 0.7% during the third quarter. Congress Asset Management Co. now owns 85,083 shares of the oil and gas company’s stock valued at $3,104,000 after buying an additional 604 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of CVR Energy by 1.5% during the third quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock valued at $1,785,000 after buying an additional 700 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in CVR Energy by 5.6% during the fourth quarter. NewEdge Advisors LLC now owns 13,394 shares of the oil and gas company’s stock worth $341,000 after buying an additional 709 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.