CVR Refining (NYSE:CVRR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.
A number of other research firms have also weighed in on CVRR. Citigroup raised their price objective on shares of CVR Refining from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of CVR Refining in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of CVR Refining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Tudor Pickering lowered shares of CVR Refining from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub upgraded shares of CVR Refining from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. CVR Refining currently has an average rating of “Hold” and a consensus target price of $12.58.
Shares of CVR Refining (CVRR) opened at $13.45 on Tuesday. The firm has a market cap of $1,990.00, a PE ratio of 22.42 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86. CVR Refining has a 12 month low of $6.70 and a 12 month high of $18.25.
Several hedge funds have recently made changes to their positions in the company. Bramshill Investments LLC bought a new stake in shares of CVR Refining in the fourth quarter worth approximately $1,227,000. Guggenheim Capital LLC grew its stake in shares of CVR Refining by 698.3% in the fourth quarter. Guggenheim Capital LLC now owns 197,967 shares of the oil and gas company’s stock worth $3,276,000 after acquiring an additional 173,167 shares during the period. Deutsche Bank AG grew its stake in shares of CVR Refining by 23.6% in the fourth quarter. Deutsche Bank AG now owns 675,012 shares of the oil and gas company’s stock worth $11,171,000 after acquiring an additional 129,012 shares during the period. Leucadia National Corp grew its stake in shares of CVR Refining by 131.7% in the fourth quarter. Leucadia National Corp now owns 56,000 shares of the oil and gas company’s stock worth $927,000 after acquiring an additional 31,834 shares during the period. Finally, Geode Capital Management LLC bought a new stake in shares of CVR Refining in the fourth quarter worth approximately $386,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.
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CVR Refining Company Profile
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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