CVR Energy Inc. (NYSE:CVI) Given Average Recommendation of “Strong Sell” by Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned an average rating of “Strong Sell” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $29.25.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

CVR Energy Trading Up 1.6%

NYSE:CVI opened at $23.17 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.28 and a current ratio of 1.96. CVR Energy has a 1 year low of $15.10 and a 1 year high of $41.67. The stock has a 50-day simple moving average of $25.39 and a 200-day simple moving average of $30.45. The stock has a market cap of $2.33 billion, a P/E ratio of 14.13 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CVI. BNP Paribas Financial Markets boosted its position in CVR Energy by 21,261.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,073 shares of the oil and gas company’s stock valued at $28,311,000 after buying an additional 772,440 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of CVR Energy in the third quarter worth about $22,217,000. Bank of America Corp DE boosted its holdings in CVR Energy by 101.2% in the third quarter. Bank of America Corp DE now owns 706,504 shares of the oil and gas company’s stock valued at $25,773,000 after purchasing an additional 355,412 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in CVR Energy by 33.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after purchasing an additional 345,758 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in CVR Energy by 31.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,167,184 shares of the oil and gas company’s stock worth $29,693,000 after purchasing an additional 280,300 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.