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

Shares of CVR Energy, Inc. (NYSE:CVI) have been given an average rating of “Strong Sell” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.00.

Several equities research analysts recently weighed in on CVI shares. Mizuho boosted their target price on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $18.61 on Thursday. CVR Energy has a one year low of $15.60 and a one year high of $38.07. The company has a market cap of $1.87 billion, a PE ratio of 26.97 and a beta of 1.57. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The business has a 50-day simple moving average of $19.21 and a 200-day simple moving average of $21.43.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of CVR Energy stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the purchase, the insider now owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVI. R Squared Ltd purchased a new stake in CVR Energy in the fourth quarter valued at approximately $36,000. PNC Financial Services Group Inc. increased its holdings in shares of CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 731 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of CVR Energy in the third quarter valued at approximately $43,000. Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy in the third quarter valued at approximately $46,000. Finally, Larson Financial Group LLC increased its holdings in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 2,698 shares during the period. 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.