CVR Energy (NYSE:CVI) Announces Earnings Results

Key Points

• Q1 miss but revenue beat: CVR reported EPS of ($1.24), missing estimates by $0.70, while revenue rose 20.3% year‑over‑year to $1.98 billion; however, profitability remains weak with a 0.38% net margin and negative ROE (-14.31%).
• Carl C. Icahn increased his stake: Major shareholder Carl C. Icahn purchased 275,012 shares at $21.41, raising his holding to about 71.2 million shares, and insiders bought 783,404 shares in the past three months.
• Analyst and valuation backdrop: The consensus rating is a "Strong Sell" with an average target of $31.75 (Goldman Sachs initiated a sell with a $30 target), while the stock trades near $34 with a market cap of $3.43B and a P/E around 131.

CVR Energy (NYSE:CVI - Get Free Report) issued its earnings results on Wednesday. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.70), FiscalAI reports. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.78 billion. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The business's revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.58) EPS.

CVR Energy Price Performance

Shares of CVI stock opened at $34.08 on Thursday. CVR Energy has a 12-month low of $18.73 and a 12-month high of $41.67. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 131.10 and a beta of 0.94. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95. The firm has a fifty day moving average of $29.60 and a 200-day moving average of $29.74.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 275,012 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $21.41 per share, with a total value of $5,888,006.92. Following the purchase, the insider owned 71,201,875 shares of the company's stock, valued at $1,524,432,143.75. This represents a 0.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 783,404 shares of company stock valued at $16,445,044. 0.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CVR Energy

Several large investors have recently modified their holdings of CVI. Aster Capital Management DIFC Ltd acquired a new stake in shares of CVR Energy during the fourth quarter worth about $40,000. Quarry LP acquired a new position in shares of CVR Energy in the 3rd quarter valued at approximately $50,000. Raymond James Financial Inc. bought a new stake in CVR Energy during the 2nd quarter worth approximately $53,000. BNP Paribas Financial Markets increased its stake in CVR Energy by 48.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company's stock worth $98,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in CVR Energy during the 2nd quarter worth approximately $114,000. 98.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on CVI shares. Weiss Ratings lowered CVR Energy from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, February 20th. Scotiabank upped their price objective on CVR Energy from $25.00 to $28.00 and gave the company a "sector underperform" rating in a report on Wednesday, April 22nd. Mizuho increased their target price on CVR Energy from $28.00 to $32.00 and gave the company an "underperform" rating in a research note on Tuesday, March 17th. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group initiated coverage on CVR Energy in a research report on Friday, April 10th. They set a "sell" rating and a $30.00 target price for the company. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Sell" and an average target price of $31.75.

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.