CVR Energy (NYSE:CVI) Downgraded by Tudor, Pickering, Holt & Co. to Sell

Tudor, Pickering, Holt & Co. cut shares of CVR Energy (NYSE:CVI) from a hold rating to a sell rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

A number of other research analysts have also recently commented on the company. StockNews.com cut CVR Energy from a buy rating to a hold rating in a report on Sunday, June 16th. Mizuho assumed coverage on shares of CVR Energy in a report on Wednesday, July 17th. They issued a neutral rating and a $27.00 target price on the stock. Scotiabank upped their target price on shares of CVR Energy from $24.00 to $25.00 and gave the stock a sector underperform rating in a research report on Wednesday, July 31st. UBS Group reduced their price target on shares of CVR Energy from $33.75 to $30.00 and set a neutral rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CVR Energy from $30.00 to $26.00 and set an underweight rating for the company in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Reduce and an average price target of $27.00.

CVR Energy Trading Up 0.3 %

CVR Energy stock opened at $21.29 on Monday. The stock has a market capitalization of $2.14 billion, a PE ratio of 3.27 and a beta of 1.49. The business’s fifty day moving average is $25.00 and its 200 day moving average is $29.06. CVR Energy has a one year low of $21.05 and a one year high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93.

CVR Energy (NYSE:CVI) last announced its earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was down 12.0% on a year-over-year basis. On average, sell-side analysts predict that CVR Energy will post 0.55 EPS for the current year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.39%. CVR Energy’s dividend payout ratio is presently 30.67%.

Institutional Trading of CVR Energy

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in shares of CVR Energy during the fourth quarter valued at approximately $33,000. Headlands Technologies LLC grew its stake in CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the first quarter valued at about $71,000. Covestor Ltd lifted its position in CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in CVR Energy in the fourth quarter valued at approximately $89,000. 98.88% of the stock is owned by hedge funds and other 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.