CVR Energy (NYSE:CVI) Trading Down 4.1% – Should You Sell?

CVR Energy Inc. (NYSE:CVI)’s stock price traded down 4.1% on Tuesday . The stock traded as low as $33.50 and last traded at $33.6350. 40,564 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 1,253,091 shares. The stock had previously closed at $35.08.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CVI shares. Mizuho reaffirmed an “underperform” rating and set a $29.00 price objective (up previously from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Stock Down 1.8%

The firm has a 50-day moving average of $36.11 and a two-hundred day moving average of $30.75. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $3.46 billion, a PE ratio of 21.00 and a beta of 1.21.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. The business had revenue of $1.76 billion during the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.98%. Equities research analysts predict that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of CVR Energy in the 3rd quarter worth approximately $428,000. Icon Advisers Inc. Co. increased its holdings in CVR Energy by 39.2% in the 3rd quarter. Icon Advisers Inc. Co. now owns 110,000 shares of the oil and gas company’s stock valued at $4,013,000 after purchasing an additional 31,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in CVR Energy by 33.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after purchasing an additional 345,758 shares during the period. PDT Partners LLC raised its position in CVR Energy by 222.7% in the third quarter. PDT Partners LLC now owns 176,287 shares of the oil and gas company’s stock valued at $6,431,000 after purchasing an additional 121,662 shares during the period. Finally, PharVision Advisers LLC acquired a new position in CVR Energy during the third quarter worth $302,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.