Brokerages Set CVR Energy, Inc. (NYSE:CVI) Target Price at $25.75

CVR Energy, Inc. (NYSE:CVI - Get Free Report) has been given an average recommendation of "Strong Sell" by the six ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.75.

CVI has been the topic of a number of recent research reports. UBS Group cut their price target on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, August 13th. Tudor Pickering upgraded shares of CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Scotiabank upped their price objective on shares of CVR Energy from $24.00 to $25.00 and gave the company a "sector underperform" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of CVR Energy from a "buy" rating to a "hold" rating in a research report on Sunday, June 16th.

Institutional Trading of CVR Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVI. Jones Financial Companies Lllp bought a new stake in CVR Energy during the fourth quarter worth $33,000. Headlands Technologies LLC lifted its holdings in shares of CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock worth $40,000 after buying an additional 1,321 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy in the 1st quarter worth approximately $71,000. Covestor Ltd boosted its stake in CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company's stock valued at $81,000 after buying an additional 2,278 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at about $89,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Price Performance

Shares of CVI traded down $0.27 during trading hours on Friday, reaching $24.67. The stock had a trading volume of 875,175 shares, compared to its average volume of 1,048,241. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. CVR Energy has a 12 month low of $21.05 and a 12 month high of $38.07. The stock has a market capitalization of $2.48 billion, a PE ratio of 3.79 and a beta of 1.48. The company's 50-day moving average is $24.52 and its two-hundred day moving average is $28.03.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.39. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business's revenue for the quarter was down 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. Research analysts expect that CVR Energy will post 0.5 EPS for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.11%. CVR Energy's dividend payout ratio (DPR) is presently 30.67%.

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.