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

Key Points

• CVR Energy Inc. has received an average recommendation of "Strong Sell" from analysts, with 5 out of 6 firms suggesting a sell and one indicating a hold.
• The average 12-month price target set by brokers for CVR Energy shares is $27.00, reflecting concerns about the company's performance.
• Recently, hedge funds and institutional investors have increased their stakes in CVR Energy, with nearly 99% of the stock now held by these investors.

Shares of CVR Energy Inc. (NYSE:CVI - Get Free Report) have earned a consensus recommendation of "Strong Sell" from the six ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation and one has issued a hold recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $27.00.

Several analysts have commented on CVI shares. Zacks Research raised CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. Mizuho reaffirmed an "underperform" rating and set a $29.00 price objective (up from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CVR Energy in a research note on Wednesday, October 8th. Raymond James Financial downgraded CVR Energy from a "market perform" rating to an "underperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group set a $37.00 target price on CVR Energy in a research note on Sunday, September 28th.

CVR Energy Stock Up 3.9%

CVI opened at $35.26 on Tuesday. The business has a 50 day moving average price of $31.55 and a two-hundred day moving average price of $26.49. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The company has a market cap of $3.54 billion, a PE ratio of -10.62 and a beta of 1.25. CVR Energy has a 52 week low of $15.10 and a 52 week high of $38.30.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. The company had revenue of $1.76 billion for the quarter. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. As a group, research analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

Hedge Funds Weigh In On CVR Energy

A number of large investors have recently modified their holdings of CVI. Matrix Trust Co purchased a new position in shares of CVR Energy during the 2nd quarter worth approximately $26,000. Harbor Capital Advisors Inc. raised its stake in shares of CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after buying an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after buying an additional 1,772 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CVR Energy by 106.6% during the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock worth $42,000 after buying an additional 1,114 shares in the last quarter. Finally, CWM LLC raised its stake in shares of CVR Energy by 304.2% during the 1st quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock worth $52,000 after buying an additional 2,014 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.

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