Shares of CVR Refining, LP (NYSE:CVRR) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.33.

Several brokerages recently weighed in on CVRR. ValuEngine downgraded shares of CVR Refining from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of CVR Refining from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 6th. UBS reissued a “neutral” rating and issued a $8.50 target price (down previously from $10.00) on shares of CVR Refining in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of CVR Refining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Barclays boosted their target price on shares of CVR Refining from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, November 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of CVRR. Alliancebernstein L.P. acquired a new position in shares of CVR Refining during the 1st quarter valued at about $112,000. Bank of Montreal Can purchased a new stake in shares of CVR Refining during the 2nd quarter worth about $766,000. Russell Investments Group Ltd. purchased a new stake in shares of CVR Refining during the 2nd quarter worth about $570,000. HITE Hedge Asset Management LLC purchased a new stake in shares of CVR Refining during the 2nd quarter worth about $9,916,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of CVR Refining during the 2nd quarter worth about $5,897,000. 12.79% of the stock is owned by institutional investors.

CVR Refining (NYSE:CVRR) opened at $12.60 on Monday. CVR Refining has a one year low of $6.70 and a one year high of $13.21. The firm has a market cap of $1,859.76, a PE ratio of 17.50 and a beta of 1.39. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.38.

CVR Refining (NYSE:CVRR) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. CVR Refining had a net margin of 1.98% and a return on equity of 7.90%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. equities analysts expect that CVR Refining will post 1.53 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 10th were paid a dividend of $0.94 per share. The ex-dividend date was Thursday, November 9th. CVR Refining’s dividend payout ratio is currently 522.23%.

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CVR Refining Company Profile

CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.

Analyst Recommendations for CVR Refining (NYSE:CVRR)

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