CVR Refining (NYSE:CVRR) has been given an average recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.38.
A number of analysts have recently commented on the company. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded CVR Refining from a “hold” rating to a “strong sell” rating in a research note on Monday, March 12th. Tudor Pickering downgraded CVR Refining from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Citigroup boosted their price objective on CVR Refining from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Barclays reissued a “hold” rating and issued a $17.00 price objective on shares of CVR Refining in a research note on Wednesday, January 10th.
CVRR opened at $14.50 on Friday. CVR Refining has a one year low of $6.70 and a one year high of $18.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market capitalization of $2,140.20, a PE ratio of 24.58 and a beta of 1.35.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.41%. The ex-dividend date was Friday, March 2nd. CVR Refining’s dividend payout ratio (DPR) is presently 300.00%.
Several institutional investors have recently made changes to their positions in CVRR. Russell Investments Group Ltd. raised its position in shares of CVR Refining by 32.7% during the third quarter. Russell Investments Group Ltd. now owns 79,712 shares of the oil and gas company’s stock worth $785,000 after purchasing an additional 19,655 shares during the period. JPMorgan Chase & Co. raised its position in shares of CVR Refining by 40.4% during the third quarter. JPMorgan Chase & Co. now owns 758,593 shares of the oil and gas company’s stock worth $7,510,000 after purchasing an additional 218,160 shares during the period. Wells Fargo & Company MN raised its position in shares of CVR Refining by 150.4% during the third quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock worth $1,758,000 after purchasing an additional 107,130 shares during the period. GSA Capital Partners LLP raised its position in shares of CVR Refining by 73.9% during the third quarter. GSA Capital Partners LLP now owns 80,430 shares of the oil and gas company’s stock worth $792,000 after purchasing an additional 34,171 shares during the period. Finally, Bank of Montreal Can raised its position in shares of CVR Refining by 14.2% during the fourth quarter. Bank of Montreal Can now owns 46,489 shares of the oil and gas company’s stock worth $769,000 after purchasing an additional 5,789 shares during the period. 14.36% of the stock is currently owned by institutional investors.
About CVR Refining
CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
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