Shares of CVR Energy, Inc. (NYSE:CVI) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $45.25.
Several analysts have recently issued reports on the stock. Goldman Sachs Group lowered shares of CVR Energy from a “neutral” rating to a “sell” rating and set a $48.00 price target on the stock. in a research report on Monday, July 29th. Tudor Pickering raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Citigroup lowered shares of CVR Energy from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Friday, June 21st. Finally, Scotiabank assumed coverage on shares of CVR Energy in a research report on Thursday, August 15th. They issued an “underperform” rating on the stock.
CVI stock traded up $0.03 during mid-day trading on Tuesday, hitting $41.05. The company had a trading volume of 593,765 shares, compared to its average volume of 610,047. The firm has a market cap of $4.12 billion, a PE ratio of 10.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.59 and a current ratio of 2.40. CVR Energy has a 12 month low of $30.46 and a 12 month high of $55.52. The stock’s fifty day moving average price is $44.55 and its two-hundred day moving average price is $44.99.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of CVR Energy in the second quarter valued at approximately $50,000. Personal Wealth Partners bought a new stake in CVR Energy during the 2nd quarter worth approximately $63,000. Tower Research Capital LLC TRC increased its holdings in CVR Energy by 7,794.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,500 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 1,481 shares during the period. New York State Teachers Retirement System bought a new stake in CVR Energy during the 2nd quarter worth approximately $80,000. Finally, Point72 Asset Management L.P. bought a new stake in CVR Energy during the 2nd quarter worth approximately $90,000. 93.92% of the stock is currently owned by institutional investors.
About CVR Energy
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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