CVR Energy Inc. (NYSE:CVI) Given Consensus Recommendation of “Strong Sell” by Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have earned an average recommendation of “Strong Sell” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.50.

A number of equities analysts have recently commented on CVI shares. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Weiss Ratings downgraded shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. The Goldman Sachs Group started coverage on shares of CVR Energy in a research note on Friday, April 10th. They issued a “sell” rating and a $30.00 target price on the stock. Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Finally, Mizuho raised their target price on shares of CVR Energy from $32.00 to $35.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th.

Hedge Funds Weigh In On CVR Energy

A number of hedge funds have recently made changes to their positions in CVI. Empowered Funds LLC increased its stake in CVR Energy by 15.1% during the 1st quarter. Empowered Funds LLC now owns 21,171 shares of the oil and gas company’s stock worth $712,000 after buying an additional 2,772 shares during the period. Amundi increased its stake in CVR Energy by 26.1% during the 1st quarter. Amundi now owns 20,381 shares of the oil and gas company’s stock worth $686,000 after buying an additional 4,213 shares during the period. EverSource Wealth Advisors LLC increased its stake in CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after buying an additional 339 shares during the period. Entropy Technologies LP purchased a new stake in CVR Energy during the 1st quarter worth $634,000. Finally, Sei Investments Co. increased its stake in CVR Energy by 75.7% during the 1st quarter. Sei Investments Co. now owns 23,940 shares of the oil and gas company’s stock worth $806,000 after buying an additional 10,312 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Up 0.2%

Shares of CVI opened at $27.45 on Friday. The firm has a market cap of $2.76 billion, a PE ratio of -63.84 and a beta of 0.80. The company’s fifty day moving average is $32.16 and its two-hundred day moving average is $28.85. CVR Energy has a fifty-two week low of $19.62 and a fifty-two week high of $41.67. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business posted ($0.58) EPS. The business’s revenue was up 20.3% on a year-over-year basis. Analysts forecast that CVR Energy will post 0.88 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. CVR Energy’s dividend payout ratio (DPR) is currently -93.02%.

CVR Energy Company Profile

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.