CVR Energy (NYSE:CVI) Shares Up 4.5% - What's Next?

CVR Energy, Inc. (NYSE:CVI - Get Free Report)'s stock price traded up 4.5% during mid-day trading on Friday . The stock traded as high as $26.84 and last traded at $26.84. 549,726 shares changed hands during trading, a decline of 55% from the average session volume of 1,228,892 shares. The stock had previously closed at $25.68.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research note on Monday, May 5th. Wall Street Zen lowered CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Mizuho lifted their price target on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $23.00.

CVR Energy Stock Performance

The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The business has a 50 day moving average price of $21.49 and a two-hundred day moving average price of $19.97. The company has a market cap of $2.79 billion, a P/E ratio of 461.91 and a beta of 1.13.

CVR Energy (NYSE:CVI - Get Free Report) last released its 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. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the company posted $0.04 EPS. CVR Energy's revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn purchased 7,907 shares of CVR Energy stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $18.21 per share, for a total transaction of $143,986.47. Following the acquisition, the insider now directly owns 70,418,471 shares in the company, valued at approximately $1,282,320,356.91. This trade represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders purchased 1,027,432 shares of company stock valued at $17,618,998. Insiders own 0.01% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its holdings 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 acquiring an additional 646 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CVR Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock worth $364,000 after acquiring an additional 683 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 731 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of CVR Energy by 2.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company's stock worth $615,000 after acquiring an additional 759 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CVR Energy by 1.7% during 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 worth $1,130,000 after acquiring an additional 1,035 shares during the period. Hedge funds and other institutional investors own 98.88% of the company's stock.

CVR Energy Company Profile

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.