CVR Energy (NYSE:CVI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of CVR Energy, Inc. (NYSE:CVI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.72 and traded as high as $24.19. CVR Energy shares last traded at $23.82, with a volume of 614,462 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho increased their price target on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group dropped their price target on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Performance

The firm has a 50 day moving average price of $20.53 and a 200-day moving average price of $19.72. The stock has a market capitalization of $2.39 billion, a PE ratio of 397.00 and a beta of 1.13. 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 (NYSE:CVI) last released its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.32. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. Research analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Activity at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 61,108 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $18.12 per share, with a total value of $1,107,276.96. Following the completion of the transaction, the insider now owns 68,595,378 shares of the company’s stock, valued at $1,242,948,249.36. This represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 1,166,362 shares of company stock valued at $20,121,145 in the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock valued at $1,797,000 after acquiring an additional 53,203 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of CVR Energy by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock valued at $14,675,000 after buying an additional 143,941 shares during the period. D.A. Davidson & CO. bought a new stake in CVR Energy during the 4th quarter worth approximately $736,000. Vanguard Group Inc. boosted its stake in CVR Energy by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company’s stock worth $77,496,000 after purchasing an additional 154,125 shares during the period. Finally, American Century Companies Inc. boosted its position in CVR Energy by 13.4% during the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company’s stock worth $12,991,000 after acquiring an additional 81,647 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.