CVR Energy (NYSE:CVI) Given New $21.00 Price Target at Mizuho

CVR Energy (NYSE:CVI - Get Free Report) had its price target upped by analysts at Mizuho from $20.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price target suggests a potential upside of 16.96% from the stock's previous close.

CVI has been the subject of several other reports. The Goldman Sachs Group dropped 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, March 27th. StockNews.com upgraded CVR Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $22.20.

CVR Energy Price Performance

Shares of NYSE CVI traded down $1.59 during mid-day trading on Tuesday, hitting $17.96. 1,342,211 shares of the stock were exchanged, compared to its average volume of 1,208,382. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07. The stock's fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $20.11. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The company has a market cap of $1.81 billion, a P/E ratio of 299.30 and a beta of 1.55.

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CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.85 billion. As a group, analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders purchased 1,492,540 shares of company stock valued at $27,049,928. Insiders own 0.01% of the company's stock.

Hedge Funds Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CVI. GF Fund Management CO. LTD. acquired a new stake in CVR Energy in the fourth quarter valued at $198,000. GTS Securities LLC bought a new stake in shares of CVR Energy in the 4th quarter valued at about $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CVR Energy by 1.7% in 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 purchasing an additional 1,035 shares during the last quarter. Two Sigma Investments LP grew its holdings in CVR Energy by 56.2% during the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock worth $14,059,000 after purchasing an additional 269,763 shares during the period. Finally, Thomist Capital Management LP acquired a new position in CVR Energy during the fourth quarter worth approximately $781,000. 98.88% of the stock is owned by institutional investors.

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.