CVR Energy, Inc. (NYSE:CVI) Receives Consensus Rating of “Strong Sell” from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have received a consensus recommendation of “Strong Sell” from the seven research firms 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 brokers that have issued ratings on the stock in the last year is $23.00.

CVI has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Wall Street Zen cut CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Mizuho increased their target price on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, Scotiabank restated an “underperform” rating on shares of CVR Energy in a research report on Monday, May 5th.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn purchased 29,972 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was bought at an average cost of $18.21 per share, with a total value of $545,790.12. Following the acquisition, the insider now directly owns 70,240,376 shares of the company’s stock, valued at approximately $1,279,077,246.96. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 1,027,509 shares of company stock valued at $17,620,403 in the last three months. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of CVR Energy

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in CVR Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock worth $80,704,000 after buying an additional 24,677 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in CVR Energy by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,181,295 shares of the oil and gas company’s stock worth $40,876,000 after buying an additional 238,081 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CVR Energy by 14.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock worth $17,347,000 after buying an additional 111,114 shares during the last quarter. American Century Companies Inc. lifted its holdings in CVR Energy by 12.8% during the 1st quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company’s stock worth $15,171,000 after buying an additional 88,778 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of CVR Energy by 36.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 776,313 shares of the oil and gas company’s stock valued at $14,548,000 after purchasing an additional 207,872 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Performance

NYSE CVI opened at $24.76 on Wednesday. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 412.67 and a beta of 1.13. CVR Energy has a twelve month low of $15.10 and a twelve month high of $29.84. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock has a 50-day moving average of $20.66 and a 200 day moving average of $19.76.

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