CVR Energy (CVI) Stock Rating Upgraded by TheStreet

CVR Energy (NYSE:CVI) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Tuesday.

Separately, ValuEngine lowered CVR Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th.

CVR Energy (NYSE CVI) opened at $37.42 on Tuesday. CVR Energy has a 1 year low of $16.75 and a 1 year high of $39.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.24. The company has a market capitalization of $3,379.46, a price-to-earnings ratio of 77.96 and a beta of 1.80.

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

Several large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in CVR Energy by 273.6% in the 2nd quarter. First Trust Advisors LP now owns 1,331,765 shares of the oil and gas company’s stock worth $20,642,000 after acquiring an additional 975,336 shares during the last quarter. Acadian Asset Management increased its stake in CVR Energy by 1,000.3% in the 4th quarter. Acadian Asset Management now owns 808,728 shares of the oil and gas company’s stock worth $31,821,000 after acquiring an additional 735,230 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CVR Energy by 400.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 886,282 shares of the oil and gas company’s stock worth $12,205,000 after acquiring an additional 709,061 shares during the last quarter. Norges Bank bought a new position in CVR Energy in the 4th quarter worth about $11,641,000. Finally, American Century Companies Inc. increased its stake in CVR Energy by 79.1% in the 4th quarter. American Century Companies Inc. now owns 988,747 shares of the oil and gas company’s stock worth $38,907,000 after acquiring an additional 436,698 shares during the last quarter.

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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).

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