CVR Energy Inc. (NYSE:CVI) Receives Consensus Rating of “Strong Sell” from Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned an average rating of “Strong Sell” from the eight research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.50.

A number of research analysts have recently weighed in on CVI shares. Wall Street Zen upgraded CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a 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 lifted their price objective on shares of CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CVR Energy in a research note on Wednesday, August 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nykredit A S purchased a new position in shares of CVR Energy in the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 339 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Quarry LP purchased a new position in shares of CVR Energy during the 3rd quarter valued at $50,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in CVR Energy during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Up 1.4%

Shares of NYSE CVI opened at $43.54 on Friday. The stock 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 50-day moving average price of $34.44 and a 200-day moving average price of $31.80. CVR Energy has a 1 year low of $19.62 and a 1 year high of $44.33. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92.

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 for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The firm’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) EPS. On average, equities research analysts forecast that CVR Energy will post 0.79 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. CVR Energy’s dividend 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.