CVR Energy, Inc. (NYSE:CVI) Given Average Recommendation of "Strong Sell" by Analysts

CVR Energy, Inc. (NYSE:CVI - Get Free Report) has been given an average rating of "Strong Sell" by the seven analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.00.

A number of research analysts have weighed in on CVI shares. Mizuho increased their target price on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, December 16th. StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Friday, December 6th.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the acquisition, the insider now owns 67,570,593 shares of the company's stock, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of CVR Energy during the fourth quarter worth about $36,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $38,000 after buying an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in CVR Energy during the 3rd quarter valued at approximately $43,000. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy during the third quarter valued at approximately $46,000. Finally, Larson Financial Group LLC lifted its holdings in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock worth $72,000 after buying an additional 2,698 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

CVR Energy Price Performance

The company has a market cap of $1.85 billion, a PE ratio of 65.68 and a beta of 1.57. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company's fifty day moving average price is $19.20 and its two-hundred day moving average price is $21.59.

About CVR Energy

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.