CVR Energy (NYSE:CVI) Rating Increased to Hold at StockNews.com

CVR Energy (NYSE:CVI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other research firms have also commented on CVI. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Mizuho decreased their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Finally, The Goldman Sachs Group lowered their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.00.

CVR Energy Trading Up 2.5 %

Shares of NYSE CVI opened at $18.78 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The stock’s 50 day moving average price is $20.76 and its two-hundred day moving average price is $23.92. CVR Energy has a 52-week low of $15.60 and a 52-week high of $38.07. The stock has a market capitalization of $1.89 billion, a P/E ratio of 27.22 and a beta of 1.57.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The business’s revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. On average, analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after purchasing an additional 317,475 shares during the period. Dimensional Fund Advisors LP raised its position in shares of CVR Energy by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company’s stock worth $55,476,000 after purchasing an additional 44,636 shares during the period. Bank of New York Mellon Corp lifted its stake in CVR Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock valued at $26,109,000 after buying an additional 3,134 shares in the last quarter. SIR Capital Management L.P. acquired a new position in CVR Energy in the 2nd quarter worth approximately $17,907,000. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 buying an additional 81,590 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.