Shares of CVR Energy, Inc. (NYSE:CVI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $48.00 for the company, according to Zacks. Zacks has also assigned CVR Energy an industry rank of 153 out of 257 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on CVI. ValuEngine lowered CVR Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Goldman Sachs Group upgraded CVR Energy from a “neutral” rating to a “buy” rating in a research report on Friday, September 7th. Finally, Citigroup began coverage on CVR Energy in a research report on Wednesday, October 31st. They set a “buy” rating and a $48.00 price objective for the company.

Institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in shares of CVR Energy by 200.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,644 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,764 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of CVR Energy in the 3rd quarter valued at about $102,000. Point72 Hong Kong Ltd bought a new position in shares of CVR Energy in the 2nd quarter valued at about $109,000. Bridgeworth LLC bought a new position in shares of CVR Energy in the 2nd quarter valued at about $166,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of CVR Energy by 140.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 5,431 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 3,176 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Shares of CVR Energy stock opened at $38.58 on Friday. The stock has a market cap of $3.88 billion, a PE ratio of 18.03 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 2.30 and a debt-to-equity ratio of 0.63. CVR Energy has a twelve month low of $28.14 and a twelve month high of $47.67.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.11. The firm had revenue of $1.94 billion during the quarter. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 12th. Stockholders of record on Monday, November 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.78%.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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