CVR Energy, Inc. (NYSE:CVI - Get Free Report)'s share price traded up 4.5% during trading on Friday . The company traded as high as $26.84 and last traded at $26.84. 549,726 shares traded 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.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on CVI shares. Wall Street Zen downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered their price objective 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 lifted their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Scotiabank reiterated an "underperform" rating on shares of CVR Energy in a report on Monday, May 5th. Six research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $23.00.
Read Our Latest Stock Analysis on CVR Energy
CVR Energy Trading Up 5.0%
The company's fifty day moving average is $21.05 and its two-hundred day moving average is $19.84. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 449.27 and a beta of 1.13.
CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating analysts' consensus estimates of ($0.90) by $0.32. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.04 EPS. The company's quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts predict that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.
Insiders Place Their Bets
In other CVR Energy news, major shareholder Carl C. Icahn acquired 244,200 shares of the company's stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the acquisition, the insider now owns 69,107,178 shares in the company, valued at $1,113,316,637.58. The trade was a 0.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 1,027,432 shares of company stock valued at $17,618,998 in the last ninety days. Insiders own 0.01% of the company's stock.
Hedge Funds Weigh In On CVR Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVI. Harbor Capital Advisors Inc. lifted its position 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 buying an additional 646 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 1,772 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in 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 in the last quarter. GAMMA Investing LLC lifted its position in CVR Energy by 106.6% in the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 1,114 shares during the last quarter. Finally, CWM LLC lifted its position in CVR Energy by 304.2% in the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock valued at $52,000 after acquiring an additional 2,014 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.
About CVR Energy
(
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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