CVR Energy (NYSE:CVI) Stock Rating Upgraded by Wall Street Zen

CVR Energy (NYSE:CVI) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts have also issued reports on the company. Mizuho boosted their price target on CVR Energy from $28.00 to $32.00 and gave the company an “underperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their price objective on CVR Energy from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings cut CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CVR Energy presently has a consensus rating of “Strong Sell” and a consensus target price of $30.00.

CVR Energy Stock Performance

NYSE CVI opened at $33.81 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.13. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 130.06 and a beta of 1.12. The company’s fifty day moving average is $24.66 and its two-hundred day moving average is $30.16. CVR Energy has a 52-week low of $15.10 and a 52-week high of $41.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.84) by $0.04. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted ($0.13) EPS. The business’s revenue was down 7.0% compared to the same quarter last year. Equities research analysts forecast that CVR Energy will post -0.12 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 275,012 shares of the stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the transaction, the insider owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. The trade was a 0.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 783,404 shares of company stock valued at $16,445,044. Company insiders own 0.01% of the company’s stock.

Institutional Trading of CVR Energy

Several hedge funds have recently modified their holdings of CVI. Royal Bank of Canada raised its position in CVR Energy by 67.2% in the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 5,992 shares during the last quarter. AQR Capital Management LLC acquired a new position in CVR Energy during the 1st quarter worth $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CVR Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after buying an additional 858 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after buying an additional 63,909 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of CVR Energy in the 2nd quarter valued at $236,000. 98.88% of the stock is owned by institutional investors.

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.