CVR Energy (NYSE:CVI) Price Target Raised to $21.00 at Mizuho

CVR Energy (NYSE:CVI - Get Free Report) had its price objective lifted by investment analysts at Mizuho from $20.00 to $21.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the oil and gas company's stock. Mizuho's target price would indicate a potential upside of 31.46% from the stock's current price.

Several other analysts have also weighed in on the company. StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price target on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, CVR Energy has an average rating of "Reduce" and an average price target of $22.20.

CVR Energy Stock Performance

Shares of CVI stock traded down $1.90 during trading hours on Tuesday, reaching $15.98. 1,620,339 shares of the company's stock were exchanged, compared to its average volume of 1,214,194. The business has a fifty day moving average price of $19.27 and a 200-day moving average price of $20.07. The stock has a market capitalization of $1.61 billion, a P/E ratio of 266.29 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.02.

CVR Energy (NYSE:CVI - Get Free Report) last announced 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 net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Analysts predict that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn bought 138,853 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the purchase, the insider now owns 68,446,293 shares of the company's stock, valued at approximately $1,232,717,736.93. The trade was a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 1,492,540 shares of company stock worth $27,049,928 over the last ninety days. Corporate insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On CVR Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of CVR Energy by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock worth $77,496,000 after purchasing an additional 154,125 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 worth $40,876,000 after acquiring an additional 238,081 shares during the last quarter. State Street Corp increased its position in CVR Energy by 18.1% in the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock valued at $47,789,000 after acquiring an additional 317,475 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CVR Energy by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock worth $14,675,000 after acquiring an additional 143,941 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of CVR Energy by 36.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company's stock worth $14,548,000 after purchasing an additional 207,872 shares in the last quarter. 98.88% of the stock is 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.