Shares of CVR Energy, Inc. (NYSE:CVI) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.83.
CVI has been the topic of a number of recent research reports. Scotiabank cut shares of CVR Energy from a “sector perform” rating to a “sector underperform” rating and set a $13.00 target price on the stock. in a report on Thursday, July 15th. Zacks Investment Research upgraded shares of CVR Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday. Citigroup lowered shares of CVR Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.03 to $15.00 in a research report on Thursday, August 26th. Finally, The Goldman Sachs Group boosted their target price on shares of CVR Energy from $13.00 to $15.00 and gave the company a “sell” rating in a research note on Thursday.
CVR Energy stock traded up $0.57 during midday trading on Friday, hitting $20.93. 24,856 shares of the stock were exchanged, compared to its average volume of 772,844. CVR Energy has a fifty-two week low of $9.81 and a fifty-two week high of $27.02. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -9.90 and a beta of 1.95. The stock’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $17.49. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 2.52.
A number of institutional investors and hedge funds have recently bought and sold shares of CVI. Millennium Management LLC increased its position in CVR Energy by 423.3% during the 2nd quarter. Millennium Management LLC now owns 946,906 shares of the oil and gas company’s stock worth $17,006,000 after purchasing an additional 765,955 shares in the last quarter. State Street Corp boosted its holdings in CVR Energy by 44.2% in the 2nd quarter. State Street Corp now owns 1,976,769 shares of the oil and gas company’s stock worth $35,503,000 after acquiring an additional 606,264 shares during the period. BlackRock Inc. boosted its holdings in CVR Energy by 16.2% in the 1st quarter. BlackRock Inc. now owns 3,749,664 shares of the oil and gas company’s stock worth $71,919,000 after acquiring an additional 521,386 shares during the period. Morgan Stanley boosted its holdings in CVR Energy by 1,274.0% in the 2nd quarter. Morgan Stanley now owns 294,960 shares of the oil and gas company’s stock worth $5,298,000 after acquiring an additional 273,492 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in CVR Energy by 168.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 295,662 shares of the oil and gas company’s stock worth $5,671,000 after acquiring an additional 185,660 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.
CVR Energy Company Profile
CVR Energy, Inc is a holding company. The firm engages in the provision of petroleum refining and marketing business. It operates through the following segments: Petroleum and Nitrogen Fertilizer. The company was founded in September 1906 and is headquartered in Sugar Land, TX.
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