CVR Energy (NYSE:CVI) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of CVR Energy (NYSE:CVI - Free Report) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other research firms have also weighed in on CVI. Mizuho increased their price target on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. The Goldman Sachs Group decreased their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Friday, December 6th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, CVR Energy currently has an average rating of "Reduce" and an average target price of $23.00.

CVR Energy Price Performance

NYSE:CVI traded up $0.15 during mid-day trading on Wednesday, reaching $20.34. 1,106,722 shares of the stock were exchanged, compared to its average volume of 937,358. The business has a fifty day moving average price of $19.19 and a 200 day moving average price of $21.12. The firm has a market capitalization of $2.04 billion, a PE ratio of 338.97 and a beta of 1.57. CVR Energy has a 1-year low of $15.60 and a 1-year high of $38.07. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 4.99% and a net margin of 0.09%. Research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the transaction, the insider now owns 67,570,593 shares of the company's stock, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CVR Energy by 3.6% during the 4th 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 buying an additional 683 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 731 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of CVR Energy by 9.6% during the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company's stock valued at $224,000 after buying an additional 849 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CVR Energy by 1.7% during the 4th 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 buying an additional 1,035 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of CVR Energy by 14.3% during the 4th quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company's stock valued at $191,000 after buying an additional 1,275 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.