CVR Energy Inc. (CVI) Cut to Buy at ValuEngine
ValuEngine lowered shares of CVR Energy Inc. (NYSE:CVI) from a strong-buy rating to a buy rating in a report issued on Thursday morning.
Separately, BidaskClub upgraded shares of CVR Energy from a strong sell rating to a sell rating in a research report on Tuesday, June 13th.
CVR Energy (CVI) traded up 0.62% during mid-day trading on Thursday, hitting $27.47. 432,827 shares of the stock traded hands. The stock’s 50 day moving average is $23.00 and its 200-day moving average is $21.03. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 100.26 and a beta of 1.66. CVR Energy has a 12 month low of $12.03 and a 12 month high of $27.86.
CVR Energy (NYSE:CVI) last announced its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.07. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. The firm had revenue of $1.43 billion for the quarter. On average, equities research analysts anticipate that CVR Energy will post $0.89 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in shares of CVR Energy by 27.6% in the 2nd quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 1,013 shares during the last quarter. Creative Planning boosted its holdings in shares of CVR Energy by 39.4% in the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock valued at $143,000 after purchasing an additional 1,850 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of CVR Energy by 6.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 530 shares during the last quarter. WBI Investments Inc. acquired a new position in shares of CVR Energy in the 2nd quarter valued at $224,000. Finally, US Bancorp DE boosted its holdings in shares of CVR Energy by 23.2% in the 1st quarter. US Bancorp DE now owns 11,065 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 2,085 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.
CVR Energy Company Profile
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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