Analysts Set CVR Energy, Inc. (NYSE:CVI) Price Target at $21.20

Shares of CVR Energy, Inc. (NYSE:CVI) have been given an average rating of “Strong Sell” by the seven analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $21.20.

A number of research firms have recently weighed in on CVI. The Goldman Sachs Group dropped their target price on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Mizuho increased their price target on shares of CVR Energy from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Scotiabank dropped their target price on shares of CVR Energy from $22.00 to $16.00 and set a “sector underperform” rating on the stock in a report on Friday, April 11th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn bought 244,200 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $16.11 per share, for a total transaction of $3,934,062.00. Following the completion of the acquisition, the insider now owns 69,107,178 shares of the company’s stock, valued at $1,113,316,637.58. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 1,592,723 shares of company stock valued at $27,750,649 over the last ninety days. 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 modified their holdings of CVI. SummerHaven Investment Management LLC increased its position in CVR Energy by 2.5% during the first quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company’s stock valued at $615,000 after acquiring an additional 759 shares during the last quarter. GAMMA Investing LLC increased its holdings in CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 1,114 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 646 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of CVR Energy during the 4th quarter valued at $198,000. Finally, GTS Securities LLC purchased a new stake in shares of CVR Energy in the 4th quarter worth $197,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Trading Up 2.3 %

Shares of CVI stock opened at $18.30 on Tuesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86. The business has a 50-day moving average of $18.82 and a 200 day moving average of $19.44. The stock has a market capitalization of $1.84 billion, a PE ratio of 305.05 and a beta of 1.26. CVR Energy has a 1-year low of $15.10 and a 1-year high of $33.51.

CVR Energy (NYSE:CVI) last issued its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. As a group, sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.

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.