CVR Energy (NYSE:CVI) Upgraded at StockNews.com

CVR Energy (NYSE:CVI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts also recently commented on the company. The Goldman Sachs Group dropped their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Mizuho upped their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $23.00.

CVR Energy Stock Up 1.8 %

CVI opened at $20.21 on Wednesday. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. The business has a 50-day moving average of $19.19 and a two-hundred day moving average of $21.12. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 336.87 and a beta of 1.57.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 4.99%. On average, research analysts expect that CVR Energy will post -0.12 earnings per share for the current year.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn purchased 878,212 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the purchase, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is owned by insiders.

Hedge Funds Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CVR Energy by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock worth $364,000 after acquiring an additional 683 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares during the last quarter. Amalgamated Bank raised its position in shares of CVR Energy by 9.6% in the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 849 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CVR Energy by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock worth $1,130,000 after buying an additional 1,035 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in CVR Energy by 14.3% in the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 1,275 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other 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.