CVR Energy Inc. (NYSE:CVI) Receives Average Recommendation of “Strong Sell” from Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have earned a consensus recommendation of “Strong Sell” from the six research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.25.

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. The Goldman Sachs Group upped their price objective on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CVR Energy in a research report on Monday, December 29th.

CVR Energy Trading Up 1.6%

NYSE CVI opened at $23.17 on Monday. CVR Energy has a 12 month low of $15.10 and a 12 month high of $41.67. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 14.13 and a beta of 1.16. The company’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $30.45.

Institutional Trading of CVR Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd acquired a new stake in shares of CVR Energy in the third quarter valued at $1,057,000. Allianz Asset Management GmbH grew its holdings in CVR Energy by 69.3% during the third quarter. Allianz Asset Management GmbH now owns 458,214 shares of the oil and gas company’s stock worth $16,716,000 after acquiring an additional 187,620 shares during the period. Russell Investments Group Ltd. raised its position in CVR Energy by 249.1% in the second quarter. Russell Investments Group Ltd. now owns 149,748 shares of the oil and gas company’s stock worth $4,021,000 after acquiring an additional 106,854 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in CVR Energy in the 2nd quarter valued at about $2,179,000. Finally, SG Americas Securities LLC acquired a new stake in CVR Energy during the third quarter valued at approximately $1,021,000. 98.88% of the stock is owned by institutional investors and hedge funds.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.