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

CVR Energy Inc. (NYSE:CVI) has been given an average recommendation of “Strong Sell” by the six research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.75.

A number of equities analysts have weighed in on the company. Mizuho boosted their price target on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Scotiabank lifted their target price on CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group began coverage on CVR Energy in a research note on Friday, April 10th. They issued a “sell” rating and a $30.00 price target on the stock. Finally, Raymond James Financial raised CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th.

Insider Activity

In related news, major shareholder Carl C. Icahn bought 275,012 shares of CVR Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired 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 of the company’s stock, valued at approximately $1,524,432,143.75. This represents a 0.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 783,404 shares of company stock worth $16,445,044. Company insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

Several hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of CVR Energy during the fourth quarter worth approximately $40,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Energy during the fourth quarter worth approximately $47,000. Horizon Investments LLC bought a new position in shares of CVR Energy during the fourth quarter worth approximately $47,000. Quarry LP acquired a new stake in CVR Energy during the 3rd quarter worth approximately $50,000. Finally, Raymond James Financial Inc. acquired a new stake in CVR Energy during the 2nd quarter worth approximately $53,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Performance

Shares of CVI opened at $33.27 on Friday. The company has a market cap of $3.34 billion, a PE ratio of -77.38 and a beta of 0.83. The firm has a 50-day moving average of $29.83 and a 200-day moving average of $29.76. CVR Energy has a one year low of $19.50 and a one year high of $41.67. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 1.13.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted ($0.58) earnings per share. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, equities analysts forecast that CVR Energy will post 1.16 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.2%.

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.