CVR Energy (NYSE:CVI) Stock Price Down 2.3% - What's Next?

CVR Energy, Inc. (NYSE:CVI - Get Free Report) traded down 2.3% during mid-day trading on Monday . The stock traded as low as $21.00 and last traded at $20.72. 23,695 shares were traded during trading, a decline of 98% from the average session volume of 1,183,822 shares. The stock had previously closed at $21.20.

Analyst Ratings Changes

Several research firms recently commented on CVI. Mizuho lifted their price target on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. The Goldman Sachs Group cut their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, CVR Energy presently has an average rating of "Reduce" and an average target price of $22.00.

CVR Energy Price Performance

The stock has a 50 day moving average of $19.55 and a 200-day moving average of $20.19. 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 stock has a market capitalization of $2.01 billion, a P/E ratio of 332.72 and a beta of 1.55.

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CVR Energy (NYSE:CVI - Get Free Report) last released its earnings results 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). The business had revenue of $1.95 billion for 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%. On average, equities research analysts anticipate that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 1,492,540 shares of company stock valued at $27,049,928 in the last three months. Company insiders own 0.01% of the company's stock.

Hedge Funds Weigh In On CVR Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CVI. Thrivent Financial for Lutherans lifted its stake in CVR Energy by 10.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,841 shares of the oil and gas company's stock worth $618,000 after acquiring an additional 2,639 shares during the period. Intech Investment Management LLC purchased a new stake in shares of CVR Energy in the 3rd quarter worth approximately $231,000. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 14.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after purchasing an additional 81,590 shares in the last quarter. Larson Financial Group LLC increased its holdings in CVR Energy by 640.9% during the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after buying an additional 2,698 shares during the period. Finally, FMR LLC increased its holdings in CVR Energy by 103.4% during the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company's stock valued at $93,000 after buying an additional 2,049 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.