CVR Energy, Inc. (NYSE:CVI) Receives $25.75 Average PT from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have earned an average rating of “Strong Sell” from the six brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.75.

A number of research analysts recently issued reports on CVI shares. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Scotiabank lifted their price target on shares of CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Wednesday, July 31st. Finally, Mizuho decreased their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, September 16th.

CVR Energy Stock Down 5.2 %

CVR Energy stock opened at $23.79 on Friday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 3.65 and a beta of 1.48. The company’s 50 day simple moving average is $24.33 and its 200 day simple moving average is $27.66. 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 has a fifty-two week low of $21.05 and a fifty-two week high of $38.07.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping 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 company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that CVR Energy will post 0.5 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 annualized dividend and a yield of 8.41%. CVR Energy’s dividend payout ratio is 30.67%.

Hedge Funds Weigh In On CVR Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVI. SIR Capital Management L.P. acquired a new stake in shares of CVR Energy during the 2nd quarter worth about $17,907,000. Vanguard Group Inc. lifted its position in CVR Energy by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock worth $119,229,000 after acquiring an additional 424,348 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of CVR Energy by 60.3% during the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock worth $10,917,000 after acquiring an additional 153,396 shares during the period. Denali Advisors LLC grew its position in shares of CVR Energy by 323.6% in the second quarter. Denali Advisors LLC now owns 159,162 shares of the oil and gas company’s stock valued at $4,261,000 after purchasing an additional 121,590 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of CVR Energy in the second quarter valued at approximately $2,889,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Company Profile

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.