CVR Energy Inc. (NYSE:CVI) Given Consensus Rating of “Strong Sell” by Analysts

CVR Energy Inc. (NYSE:CVI) has been given a consensus rating of “Strong Sell” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.50.

A number of research analysts recently issued reports on CVI shares. Weiss Ratings restated a “sell (d-)” rating on shares of CVR Energy in a report on Wednesday, August 12th. UBS Group reiterated a “neutral” rating and issued a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Tudor Pickering cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Mizuho upped their target price on CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 1st.

Hedge Funds Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in CVR Energy by 44.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after buying an additional 339 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 388 shares during the period. Victory Capital Management Inc. raised its position in shares of CVR Energy by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock worth $778,000 after acquiring an additional 596 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of CVR Energy by 3.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 17,741 shares of the oil and gas company’s stock worth $451,000 after acquiring an additional 660 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of CVR Energy by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock valued at $1,785,000 after purchasing an additional 700 shares during the period. 98.88% of the stock is owned by institutional investors.

CVR Energy Trading Up 1.4%

NYSE:CVI opened at $43.54 on Friday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 64.03 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 2.38. The company has a fifty day moving average of $34.44 and a 200 day moving average of $31.80. CVR Energy has a 52 week low of $19.62 and a 52 week high of $44.33.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The company’s revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) EPS. On average, research analysts predict that CVR Energy will post 0.79 earnings per share for the current year.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. CVR Energy’s payout ratio is presently 58.82%.

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.