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

StockNews.com upgraded shares of CVR Energy (NYSE:CVI) from a sell rating to a hold rating in a report issued on Wednesday.

CVI has been the subject of several other research reports. Mizuho increased their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group lowered their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Trading Up 0.7 %

Shares of CVR Energy stock opened at $20.34 on Wednesday. The firm’s 50-day moving average price is $19.22 and its two-hundred day moving average price is $21.12. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 338.97 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07.

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

Insider Buying and Selling

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, the insider now owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CVR Energy

Large investors have recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new stake in CVR Energy during the fourth quarter valued at $198,000. GTS Securities LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at about $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CVR Energy by 1.7% during the 4th 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 valued at $1,130,000 after purchasing an additional 1,035 shares in the last quarter. Two Sigma Investments LP grew its stake in CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after purchasing an additional 269,763 shares during the period. Finally, Thomist Capital Management LP bought a new stake in CVR Energy in the fourth quarter worth approximately $781,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.