CVR Energy, Inc. (NYSE:CVI) Receives $23.00 Average Price Target from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have earned an average recommendation of “Strong Sell” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.00.

CVI has been the topic of a number of recent analyst reports. StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Mizuho upped their price objective on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th.

Insider Buying and Selling at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the stock in a transaction on Wednesday, January 8th. The shares were bought at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the acquisition, the insider now owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.01% of the stock is owned by corporate insiders.

Institutional Trading of CVR Energy

Several large investors have recently bought and sold shares of CVI. R Squared Ltd purchased a new stake in shares of CVR Energy in the fourth quarter valued at $36,000. PNC Financial Services Group Inc. lifted its position in shares of CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of CVR Energy in the third quarter valued at $43,000. Future Financial Wealth Managment LLC purchased a new stake in shares of CVR Energy in the third quarter valued at $46,000. Finally, Larson Financial Group LLC lifted its position in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Trading Down 4.6 %

NYSE:CVI opened at $18.61 on Thursday. The firm has a market cap of $1.87 billion, a P/E ratio of 26.97 and a beta of 1.57. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. The stock’s 50 day simple moving average is $19.21 and its 200-day simple moving average is $21.43. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07.

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.