CVR Energy, Inc. (NYSE:CVI) Receives Average Recommendation of "Strong Sell" from Brokerages

Shares of CVR Energy, Inc. (NYSE:CVI - Get Free Report) have received a consensus recommendation of "Strong Sell" from the seven research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $22.20.

Several brokerages have issued reports on CVI. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho raised their price objective on CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 3,610 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the purchase, the insider now owns 67,574,203 shares of the company's stock, valued at $1,232,553,462.72. This trade represents a 0.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 1,492,540 shares of company stock worth $27,049,928. 0.01% of the stock is owned by insiders.

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Institutional Investors Weigh In On CVR Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. GF Fund Management CO. LTD. purchased a new position in CVR Energy in the 4th quarter worth $198,000. GTS Securities LLC acquired a new position in shares of CVR Energy in the fourth quarter valued at about $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CVR Energy by 1.7% in the fourth 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 purchasing an additional 1,035 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock worth $14,059,000 after purchasing an additional 269,763 shares during the period. Finally, Thomist Capital Management LP purchased a new stake in CVR Energy in the fourth quarter valued at approximately $781,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Down 0.9 %

NYSE:CVI traded down $0.17 during mid-day trading on Friday, reaching $19.23. The company's stock had a trading volume of 585,736 shares, compared to its average volume of 1,210,346. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The stock has a fifty day moving average of $19.45 and a 200-day moving average of $20.13. The firm has a market capitalization of $1.93 billion, a PE ratio of 320.52 and a beta of 1.55.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. Equities research analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

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.