Brokerages Set CVR Energy, Inc. (NYSE:CVI) Price Target at $23.00

Shares of CVR Energy, Inc. (NYSE:CVI) have earned a consensus rating of “Strong Sell” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $23.00.

CVI has been the topic of a number of research reports. Mizuho upped their target price on CVR Energy from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group decreased their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Finally, StockNews.com downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 206,571 shares of CVR Energy stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $17.79 per share, for a total transaction of $3,674,898.09. Following the purchase, the insider now directly owns 67,780,774 shares of the company’s stock, valued at $1,205,819,969.46. This trade represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired 1,641,760 shares of company stock worth $28,641,557 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 646 shares during the last quarter. R Squared Ltd purchased a new position in shares of CVR Energy during the 4th quarter valued at $36,000. PNC Financial Services Group Inc. lifted its position in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 731 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,772 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CVR Energy by 106.6% during the 1st 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. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

CVR Energy stock opened at $24.01 on Friday. 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 12-month low of $15.10 and a 12-month high of $30.44. The stock has a market cap of $2.41 billion, a PE ratio of 400.23 and a beta of 1.02. The business’s 50-day moving average price is $19.57 and its two-hundred day moving average price is $19.16.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

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.