CVR Energy (NYSE:CVI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CVR Energy (NYSE:CVI) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other research analysts have also weighed in on the company. Weiss Ratings lowered CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. The Goldman Sachs Group upped their target price on CVR Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, March 12th. Finally, Mizuho raised their target price on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Sell” and an average target price of $30.00.

CVR Energy Trading Down 4.1%

NYSE:CVI opened at $32.43 on Friday. CVR Energy has a 52 week low of $15.10 and a 52 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 firm’s fifty day moving average is $24.87 and its 200-day moving average is $30.15. The firm has a market cap of $3.26 billion, a P/E ratio of 124.72 and a beta of 1.12.

CVR Energy (NYSE:CVI) last announced its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. The business 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%. CVR Energy’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. Equities analysts expect that CVR Energy will post -0.12 earnings per share for the current year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, March 2nd.

Insider Activity

In other news, major shareholder Carl C. Icahn bought 275,012 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of $21.41 per share, for a total transaction of $5,888,006.92. Following the acquisition, the insider directly owned 71,201,875 shares in the company, valued at approximately $1,524,432,143.75. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 783,404 shares of company stock valued at $16,445,044. 0.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CVI. Hsbc Holdings PLC bought a new position in shares of CVR Energy in the fourth quarter valued at $292,000. Caitong International Asset Management Co. Ltd increased its position in shares of CVR Energy by 1,817.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,394 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 3,217 shares in the last quarter. Invesco Ltd. raised its holdings in shares of CVR Energy by 19.2% in the 4th quarter. Invesco Ltd. now owns 714,428 shares of the oil and gas company’s stock worth $18,175,000 after acquiring an additional 115,219 shares during the last quarter. Vident Advisory LLC lifted its position in CVR Energy by 369.4% in the 4th quarter. Vident Advisory LLC now owns 30,822 shares of the oil and gas company’s stock valued at $784,000 after acquiring an additional 24,256 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in CVR Energy by 5.6% in the 4th quarter. NewEdge Advisors LLC now owns 13,394 shares of the oil and gas company’s stock valued at $341,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

About CVR Energy

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.