CVR Energy (NYSE:CVI - Free Report) had its price objective hoisted by Scotiabank from $16.00 to $21.00 in a research report report published on Monday morning,Benzinga reports. They currently have a sector underperform rating on the oil and gas company's stock.
A number of other equities research analysts also recently weighed in on CVI. The Goldman Sachs Group lowered their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. StockNews.com cut CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Mizuho raised their target price on shares of CVR Energy from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $22.20.
Read Our Latest Stock Analysis on CVR Energy
CVR Energy Price Performance
Shares of CVI stock traded down $0.21 during midday trading on Monday, reaching $20.61. 857,864 shares of the company traded hands, compared to its average volume of 1,240,078. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The firm has a market cap of $2.07 billion, a PE ratio of 343.51 and a beta of 1.02. CVR Energy has a 1-year low of $15.10 and a 1-year high of $30.44. The firm's 50 day simple moving average is $18.79 and its two-hundred day simple moving average is $19.11.
CVR Energy (NYSE:CVI - Get Free Report) last released its earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.90) by $0.32. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. CVR Energy's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. On average, equities research analysts expect that CVR Energy will post -0.12 EPS for the current fiscal year.
Insider Buying and Selling
In other CVR Energy news, major shareholder Carl C. Icahn acquired 206,571 shares of the company's stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $17.79 per share, for a total transaction of $3,674,898.09. Following the purchase, the insider now directly owns 67,780,774 shares of the company's stock, valued at $1,205,819,969.46. This trade represents a 0.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 1,641,760 shares of company stock worth $28,641,557. 0.01% of the stock is owned by corporate insiders.
Institutional Trading of CVR Energy
Several large investors have recently bought and sold shares of CVI. Harbor Capital Advisors Inc. increased its position in CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 646 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy in the third quarter valued at $43,000. R Squared Ltd bought a new position in CVR Energy in the fourth quarter worth approximately $36,000. PNC Financial Services Group Inc. raised its holdings in CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after buying an additional 731 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in 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 valued at $42,000 after purchasing an additional 1,114 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.
About CVR Energy
(
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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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