CVR Energy (NYSE:CVI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of CVR Energy (NYSE:CVI – Get Rating) in a research report issued on Thursday. The brokerage set a “buy” rating on the oil and gas company’s stock.

Separately, UBS Group assumed coverage on CVR Energy in a research note on Wednesday, March 8th. They issued a “neutral” rating and a $36.00 target price on the stock.

CVR Energy Trading Down 3.6 %

Shares of NYSE:CVI opened at $28.31 on Thursday. The business’s 50-day moving average is $32.40 and its 200 day moving average is $33.52. CVR Energy has a 1 year low of $20.36 and a 1 year high of $43.61. The firm has a market capitalization of $2.85 billion, a P/E ratio of 6.15 and a beta of 1.49. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.11 and a quick ratio of 0.67.

Institutional Investors Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVI. HighTower Advisors LLC acquired a new stake in CVR Energy during the first quarter worth $255,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of CVR Energy during the first quarter worth $79,000. MetLife Investment Management LLC boosted its position in shares of CVR Energy by 16.0% during the first quarter. MetLife Investment Management LLC now owns 15,688 shares of the oil and gas company’s stock worth $401,000 after buying an additional 2,162 shares during the period. Rhumbline Advisers boosted its position in shares of CVR Energy by 6.9% during the first quarter. Rhumbline Advisers now owns 45,196 shares of the oil and gas company’s stock worth $1,154,000 after buying an additional 2,915 shares during the period. Finally, BlackRock Inc. boosted its position in shares of CVR Energy by 0.7% during the first quarter. BlackRock Inc. now owns 2,522,277 shares of the oil and gas company’s stock worth $64,420,000 after buying an additional 17,656 shares during the period. Institutional investors and hedge funds own 95.51% of the company’s stock.

About CVR Energy

(Get Rating)

CVR Energy, Inc is a holding company. The firm engages in the petroleum refining and marketing business. It operates through the Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets high value transportation fuels. The Nitrogen Fertilizer segment markets nitrogen fertilizers primarily in the form of UAN and ammonia.