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

CVR Energy, Inc. (NYSE:CVI) has been assigned an average recommendation of “Strong Sell” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.00.

CVI has been the topic of several research analyst reports. Mizuho boosted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday. Finally, StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th.

CVR Energy Price Performance

Shares of CVI opened at $20.12 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock’s 50 day moving average is $19.55 and its two-hundred day moving average is $20.19. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07. The firm has a market capitalization of $2.02 billion, a PE ratio of 335.36 and a beta of 1.55.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Research analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 3,610 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares of the company’s stock, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 1,492,540 shares of company stock valued at $27,049,928. Insiders own 0.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in CVR Energy by 18.1% during the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of CVR Energy by 56.2% in the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock valued at $14,059,000 after acquiring an additional 269,763 shares in the last quarter. Millennium Management LLC boosted its stake in shares of CVR Energy by 1,203.0% during the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company’s stock valued at $5,362,000 after acquiring an additional 264,143 shares during the last quarter. ExodusPoint Capital Management LP increased its position in CVR Energy by 744.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company’s stock worth $5,493,000 after purchasing an additional 258,436 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CVR Energy by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock valued at $40,876,000 after purchasing an additional 238,081 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.