CVR Energy Inc. (NYSE:CVI) Receives Consensus Rating of "Strong Sell" from Analysts

Key Points

• Analysts have an average rating of Strong Sell on CVR Energy (6 brokers covering the stock: 4 sell, 2 hold) with an average 12‑month price target of $31.75.
• In the latest quarter CVR reported an EPS loss of ($1.24) versus consensus ($0.54) while beating revenue expectations, but the company posted a negative net margin and negative return on equity, indicating weak profitability despite higher sales.
• Major shareholder Carl C. Icahn bought 275,012 shares in February, raising his stake to about 71.2 million shares; insiders purchased 783,404 shares in the past three months and institutional ownership stands around 98.9%.

Shares of CVR Energy Inc. (NYSE:CVI - Get Free Report) have received an average rating of "Strong Sell" from the six brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.75.

Several equities research analysts have commented on CVI shares. Raymond James Financial upgraded CVR Energy from an "underperform" rating to a "market perform" rating in a research note on Wednesday, March 25th. The Goldman Sachs Group began coverage on shares of CVR Energy in a report on Friday, April 10th. They issued a "sell" rating and a $30.00 price objective 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. Mizuho increased their target price on shares of CVR Energy from $28.00 to $32.00 and gave the stock an "underperform" rating in a report on Tuesday, March 17th. Finally, Scotiabank raised their target price on shares of CVR Energy from $25.00 to $28.00 and gave the company a "sector underperform" rating in a research report on Wednesday, April 22nd.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 275,012 shares of the firm's stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the acquisition, the insider directly owned 71,201,875 shares of the company's stock, valued at approximately $1,524,432,143.75. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders bought 783,404 shares of company stock valued at $16,445,044. 0.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of CVR Energy by 21,261.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 776,073 shares of the oil and gas company's stock worth $28,311,000 after purchasing an additional 772,440 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $22,217,000. Squarepoint Ops LLC bought a new position in shares of CVR Energy in the fourth quarter valued at $9,616,000. Bank of America Corp DE grew its stake in shares of CVR Energy by 101.2% in the third quarter. Bank of America Corp DE now owns 706,504 shares of the oil and gas company's stock valued at $25,773,000 after buying an additional 355,412 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in CVR Energy by 33.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company's stock worth $49,768,000 after buying an additional 345,758 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Price Performance

CVI stock opened at $33.27 on Friday. The stock has a 50-day moving average price of $29.83 and a two-hundred day moving average price of $29.76. CVR Energy has a 1 year low of $19.50 and a 1 year high of $41.67. The stock has a market cap of $3.34 billion, a PE ratio of -77.38 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 1.13 and a debt-to-equity ratio of 2.41.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly 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). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.58) earnings per share. Equities analysts forecast that CVR Energy will post 1.16 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, May 11th.

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.

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