CVR Energy (NYSE:CVI) Trading 3.7% Higher - Should You Buy?

CVR Energy, Inc. (NYSE:CVI - Get Free Report)'s stock price shot up 3.7% on Monday . The stock traded as high as $21.20 and last traded at $21.10. 129,189 shares changed hands during trading, a decline of 86% from the average session volume of 912,277 shares. The stock had previously closed at $20.35.

Wall Street Analyst Weigh In

CVI has been the topic of a number of research reports. The Goldman Sachs Group decreased their price objective on CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Friday, December 6th. Mizuho upped their price target on shares of CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat, CVR Energy currently has an average rating of "Reduce" and an average target price of $23.00.

CVR Energy Trading Down 2.8 %

The stock has a market capitalization of $1.94 billion, a P/E ratio of 320.97 and a beta of 1.57. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The business has a 50-day moving average price of $19.35 and a two-hundred day moving average price of $20.95.

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) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. On average, analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CVR Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company's stock valued at $364,000 after purchasing an additional 683 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 731 shares during the period. Amalgamated Bank grew its stake in shares of CVR Energy by 9.6% in the third quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company's stock worth $224,000 after purchasing an additional 849 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 valued at $1,130,000 after purchasing an additional 1,035 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in CVR Energy by 14.3% in the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock valued at $191,000 after purchasing an additional 1,275 shares during the period. Institutional investors own 98.88% of the company's stock.

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.