CVR Energy Inc. (NYSE:CVI) Receives $29.25 Consensus Target Price from Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned a consensus recommendation of “Strong Sell” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.00.

CVI has been the topic of a number of research reports. Mizuho raised their price objective on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a report on Tuesday. Wall Street Zen cut CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings downgraded shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group raised their price target on shares of CVR Energy from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, March 12th.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn purchased 275,012 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of $21.41 per share, for a total transaction of $5,888,006.92. Following the acquisition, the insider owned 71,201,875 shares in the company, valued at approximately $1,524,432,143.75. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 783,404 shares of company stock worth $16,445,044. 0.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVI. Quarry LP acquired a new stake in shares of CVR Energy in the third quarter valued at about $50,000. Aster Capital Management DIFC Ltd purchased a new position in CVR Energy in the 4th quarter worth approximately $40,000. Exchange Traded Concepts LLC acquired a new stake in CVR Energy in the fourth quarter valued at approximately $47,000. Horizon Investments LLC acquired a new stake in CVR Energy in the fourth quarter valued at approximately $47,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of CVR Energy during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Down 2.3%

Shares of NYSE CVI opened at $32.17 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 123.73 and a beta of 1.12. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95. The firm has a fifty day moving average of $24.44 and a 200-day moving average of $30.14. CVR Energy has a 52-week low of $15.10 and a 52-week high of $41.67.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company posted ($0.13) EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.37 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.48 annualized dividend and a dividend yield of 4.6%.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.