CVR Energy (NYSE:CVI) Trading Up 3.9% - What's Next?

CVR Energy, Inc. (NYSE:CVI - Get Free Report) traded up 3.9% during mid-day trading on Wednesday . The company traded as high as $20.72 and last traded at $20.81. 31,712 shares traded hands during trading, a decline of 97% from the average session volume of 1,183,663 shares. The stock had previously closed at $20.03.

Analyst Ratings Changes

A number of research analysts have weighed in on CVI shares. Mizuho boosted their target price 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. The Goldman Sachs Group reduced their price objective on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday. Finally, StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $22.00.

CVR Energy Stock Down 1.6 %

The stock has a market capitalization of $1.99 billion, a P/E ratio of 330.37 and a beta of 1.55. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The stock has a fifty day moving average price of $19.53 and a 200 day moving average price of $20.17.

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

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 3,610 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $18.24 per share, with a total value of $65,846.40. Following the completion of the purchase, the insider now owns 67,574,203 shares of the company's stock, valued at approximately $1,232,553,462.72. This represents a 0.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders bought 1,492,540 shares of company stock valued at $27,049,928. Corporate insiders own 0.01% of the company's stock.

Institutional Trading of CVR Energy

Several institutional investors and hedge funds have recently modified their holdings of CVI. State Street Corp grew its holdings in shares of CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after purchasing an additional 317,475 shares in the last quarter. Two Sigma Investments LP grew its stake in CVR Energy by 56.2% in the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock worth $14,059,000 after buying an additional 269,763 shares in the last quarter. Millennium Management LLC increased its holdings in shares of CVR Energy by 1,203.0% in the 4th quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock worth $5,362,000 after buying an additional 264,143 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of CVR Energy by 744.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 293,129 shares of the oil and gas company's stock valued at $5,493,000 after buying an additional 258,436 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CVR Energy by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company's stock valued at $40,876,000 after buying an additional 238,081 shares in the last quarter. Hedge funds and other 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.