CVR Energy (NYSE:CVI) Price Target Lowered to $16.00 at The Goldman Sachs Group

CVR Energy (NYSE:CVI - Get Free Report) had its price target reduced by research analysts at The Goldman Sachs Group from $19.00 to $16.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "sell" rating on the oil and gas company's stock. The Goldman Sachs Group's price objective would indicate a potential downside of 17.73% from the company's previous close.

A number of other research firms have also 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 lifted their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $22.00.

CVR Energy Trading Down 1.9 %

Shares of NYSE CVI traded down $0.37 during trading on Thursday, reaching $19.45. The stock had a trading volume of 599,988 shares, compared to its average volume of 1,212,105. The business's 50-day moving average price is $19.53 and its 200-day moving average price is $20.16. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. 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 company has a market cap of $1.96 billion, a P/E ratio of 324.19 and a beta of 1.55.

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

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 3,610 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares of the company's stock, valued at $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 1,492,540 shares of company stock worth $27,049,928. 0.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new stake in CVR Energy during the 4th quarter valued at approximately $198,000. GTS Securities LLC acquired a new position in shares of CVR Energy in the fourth quarter valued at approximately $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% during 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 position in CVR Energy during the 4th quarter worth $781,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.