ValuEngine upgraded shares of CVR Energy Inc. (NYSE:CVI) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

Separately, BidaskClub raised CVR Energy from a sell rating to a hold rating in a research note on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $14.50.

Shares of CVR Energy (NYSE CVI) traded up 0.45% during trading on Tuesday, hitting $22.38. 441,222 shares of the stock were exchanged. The firm’s 50-day moving average is $20.88 and its 200 day moving average is $21.41. The company has a market cap of $1.94 billion, a P/E ratio of 31.00 and a beta of 1.75. CVR Energy has a 1-year low of $12.03 and a 1-year high of $25.91.

CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, April 27th. The oil and gas company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.32. The firm had revenue of $1.51 billion during the quarter. CVR Energy had a return on equity of 3.21% and a net margin of 1.17%. Equities analysts forecast that CVR Energy will post $0.46 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in CVI. Norges Bank acquired a new position in CVR Energy during the fourth quarter worth about $11,641,000. Advisors Asset Management Inc. boosted its position in CVR Energy by 25.4% in the first quarter. Advisors Asset Management Inc. now owns 1,334,724 shares of the oil and gas company’s stock worth $26,801,000 after buying an additional 270,077 shares during the last quarter. Oxford Asset Management acquired a new position in CVR Energy during the first quarter worth about $3,450,000. Gotham Asset Management LLC acquired a new position in CVR Energy during the first quarter worth about $2,097,000. Finally, Acadian Asset Management LLC acquired a new position in CVR Energy during the first quarter worth about $1,519,000. Institutional investors and hedge funds own 97.53% of the company’s stock.

About CVR Energy

CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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