Mizuho Increases CVR Energy (NYSE:CVI) Price Target to $21.00

CVR Energy (NYSE:CVI) had its target price lifted by equities researchers at Mizuho from $20.00 to $21.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target would indicate a potential upside of 7.98% from the stock’s previous close.

Several other equities research analysts also recently issued reports on CVI. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. The Goldman Sachs Group lowered their target price on shares of CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $22.20.

CVR Energy Price Performance

Shares of CVI opened at $19.45 on Tuesday. The business’s fifty day moving average is $19.49 and its 200 day moving average is $20.14. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a market cap of $1.96 billion, a P/E ratio of 324.19 and a beta of 1.55.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. Sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn purchased 878,212 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 1,492,540 shares of company stock valued at $27,049,928 in the last 90 days. Insiders own 0.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy during the 3rd quarter valued at $43,000. R Squared Ltd bought a new position in CVR Energy in the 4th quarter worth about $36,000. PNC Financial Services Group Inc. boosted its stake in CVR Energy by 55.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares during the period. FMR LLC grew its holdings in CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 2,049 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of CVR Energy during the third quarter valued at about $221,000. 98.88% of the stock is owned by institutional investors.

About CVR Energy

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.