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

Shares of CVR Energy Inc. (NYSE:CVI) have earned an average recommendation of “Strong Sell” from the six research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.75.

Several analysts have recently commented on CVI shares. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of CVR Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Scotiabank increased their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group began coverage on shares of CVR Energy in a research report on Friday, April 10th. They issued a “sell” rating and a $30.00 price objective for the company. Finally, Mizuho upped their target price on shares of CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 275,012 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $21.41 per share, with a total value of $5,888,006.92. Following the acquisition, the insider owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. This trade represents a 0.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 783,404 shares of company stock valued at $16,445,044 in the last quarter. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Several large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in CVR Energy during the 4th quarter worth $40,000. Exchange Traded Concepts LLC acquired a new position in shares of CVR Energy in the 4th quarter valued at $47,000. Horizon Investments LLC bought a new position in shares of CVR Energy in the 4th quarter worth $47,000. Quarry LP acquired a new stake in shares of CVR Energy during the third quarter worth $50,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of CVR Energy during the second quarter worth $53,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Down 7.0%

Shares of NYSE CVI opened at $32.76 on Friday. CVR Energy has a 52-week low of $19.62 and a 52-week high of $41.67. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44. The business has a fifty day moving average of $30.35 and a two-hundred day moving average of $29.69. The stock has a market cap of $3.29 billion, a PE ratio of -76.19 and a beta of 0.83.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.CVR Energy’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.58) earnings per share. As a group, equities research analysts expect that CVR Energy will post 0.88 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 11th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%.

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.