CVR Energy Inc. (NYSE:CVI - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $30.73 and last traded at $30.53, with a volume of 858664 shares changing hands. The stock had previously closed at $30.21.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CVI shares. Wall Street Zen downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group cut their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Mizuho upped their price target on shares of CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Scotiabank restated an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. Six investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $23.00.
View Our Latest Stock Report on CVI
CVR Energy Stock Performance
The firm's 50-day moving average price is $25.18 and its 200 day moving average price is $21.14. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -16.52 and a beta of 1.16. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.85 and a current ratio of 1.32.
CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates of ($0.90) by $0.32. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a negative net margin of 2.68% and a negative return on equity of 12.66%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, sell-side analysts anticipate that CVR Energy Inc. will post -0.12 EPS for the current year.
Insider Activity at CVR Energy
In other CVR Energy news, major shareholder Carl C. Icahn purchased 192,676 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average cost of $17.31 per share, for a total transaction of $3,335,221.56. Following the completion of the purchase, the insider owned 69,965,303 shares of the company's stock, valued at approximately $1,211,099,394.93. The trade was a 0.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 518,742 shares of company stock valued at $9,197,450 in the last 90 days. 0.01% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CVI. Harbor Capital Advisors Inc. increased its position in 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 valued at $32,000 after purchasing an additional 646 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CVR Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock valued at $364,000 after purchasing an additional 683 shares during the period. PNC Financial Services Group Inc. grew its position in CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 731 shares during the period. SummerHaven Investment Management LLC grew its position in CVR Energy by 2.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company's stock valued at $615,000 after purchasing an additional 759 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CVR Energy by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company's stock valued at $1,130,000 after purchasing an additional 1,035 shares during the period. Institutional investors and hedge funds own 98.88% of the company's stock.
CVR Energy Company Profile
(
Get Free Report)
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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