BidaskClub Upgrades CVR Energy Inc. (CVI) to Sell
CVR Energy Inc. (NYSE:CVI) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.
Shares of CVR Energy (NYSE CVI) traded up 2.35% during midday trading on Tuesday, reaching $20.46. The company’s stock had a trading volume of 644,117 shares. CVR Energy has a 1-year low of $12.03 and a 1-year high of $25.91. The company has a market capitalization of $1.78 billion, a P/E ratio of 28.34 and a beta of 1.75. The stock has a 50 day moving average of $21.22 and a 200-day moving average of $21.30.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.32. The business had revenue of $1.51 billion during the quarter. CVR Energy had a net margin of 1.17% and a return on equity of 3.21%. On average, equities research analysts anticipate that CVR Energy will post $0.46 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio raised its position in CVR Energy by 22.9% in the first quarter. Strs Ohio now owns 17,200 shares of the oil and gas company’s stock valued at $345,000 after buying an additional 3,200 shares during the last quarter. Acadian Asset Management LLC purchased a new position in CVR Energy during the first quarter valued at about $1,519,000. Fox Run Management L.L.C. purchased a new position in CVR Energy during the first quarter valued at about $448,000. Teachers Advisors LLC raised its position in CVR Energy by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 61,913 shares of the oil and gas company’s stock valued at $1,572,000 after buying an additional 20,684 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its position in CVR Energy by 6.1% in the fourth quarter. Vident Investment Advisory LLC now owns 173,837 shares of the oil and gas company’s stock valued at $4,414,000 after buying an additional 9,975 shares during the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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