CVR Energy (NYSE:CVI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

CVR Energy (NYSE:CVI) traded up $1.33 during trading on Tuesday, hitting $33.79. 425,065 shares of the company’s stock traded hands, compared to its average volume of 637,541. CVR Energy has a one year low of $16.75 and a one year high of $34.12. The firm has a market cap of $2,810.72, a PE ratio of 49.80 and a beta of 1.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.24 and a quick ratio of 1.69.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. CVR Energy had a net margin of 0.71% and a return on equity of 3.37%. The company had revenue of $1.45 billion for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of CVR Energy in the third quarter worth approximately $111,000. Advisor Group Inc. boosted its position in shares of CVR Energy by 27.6% in the second quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 1,013 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of CVR Energy in the third quarter worth approximately $164,000. Creative Planning boosted its position in shares of CVR Energy by 39.4% in the second quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of CVR Energy in the third quarter worth approximately $202,000.

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About CVR Energy

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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