CVR Energy (NYSE:CVI) Trading Down 4.6% - Should You Sell?

CVR Energy, Inc. (NYSE:CVI - Get Free Report)'s share price traded down 4.6% during trading on Wednesday . The stock traded as low as $20.04 and last traded at $19.60. 40,603 shares traded hands during trading, a decline of 96% from the average session volume of 933,310 shares. The stock had previously closed at $20.54.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Mizuho lifted their price target on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $23.00.

CVR Energy Price Performance

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 firm's fifty day moving average price is $19.38 and its 200-day moving average price is $20.89. The stock has a market cap of $1.85 billion, a P/E ratio of 306.67 and a beta of 1.57.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn purchased 878,212 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the acquisition, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On CVR Energy

Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy during the 3rd quarter valued at about $43,000. R Squared Ltd bought a new stake in shares of CVR Energy during the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its stake 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 valued at $38,000 after purchasing an additional 731 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after purchasing an additional 2,698 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company's stock valued at $93,000 after purchasing an additional 2,049 shares in the last quarter. 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.