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

CVR Energy Inc. (NYSE:CVI) has earned an average rating of “Strong Sell” from the six research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.00.

CVI has been the topic of a number of recent research reports. Scotiabank upgraded CVR Energy to a “strong sell” rating in a research note on Friday, March 27th. Mizuho raised their price objective on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 17th. Raymond James Financial upgraded CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Wall Street Zen lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings downgraded CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, February 20th.

CVR Energy Price Performance

CVR Energy stock opened at $32.48 on Tuesday. The stock’s fifty day moving average price is $26.74 and its two-hundred day moving average price is $30.22. CVR Energy has a one year low of $15.10 and a one year high of $41.67. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.13. The firm has a market cap of $3.26 billion, a PE ratio of 124.91 and a beta of 0.94.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) EPS for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the company earned ($0.13) EPS. The company’s revenue was down 7.0% on a year-over-year basis. As a group, research analysts expect that CVR Energy will post -0.12 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, March 2nd.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 275,012 shares of CVR Energy stock in a transaction on Tuesday, February 24th. The shares were purchased at an average price of $21.41 per share, with a total value of $5,888,006.92. Following the acquisition, the insider owned 71,201,875 shares in the company, valued at $1,524,432,143.75. This trade represents a 0.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 783,404 shares of company stock valued at $16,445,044. Company insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

A number of large investors have recently modified their holdings of CVI. Royal Bank of Canada boosted its holdings in shares of CVR Energy by 67.2% in the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 5,992 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of CVR Energy in the 1st quarter valued at $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CVR Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after purchasing an additional 858 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after purchasing an additional 63,909 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CVR Energy by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after purchasing an additional 69,726 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

About CVR Energy

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.