CVR Energy (NYSE:CVI) Stock Price Down 4.6% – Should You Sell?

CVR Energy, Inc. (NYSE:CVI)’s share price was down 4.6% during trading on Wednesday . The company traded as low as $20.04 and last traded at $19.60. Approximately 40,603 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 933,310 shares. The stock had previously closed at $20.54.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVI. Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Performance

The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The stock has a market cap of $1.96 billion, a PE ratio of 324.97 and a beta of 1.57. The company’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $21.00.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. On average, equities research analysts forecast that CVR Energy, Inc. will post -0.12 EPS for the current year.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 878,212 shares of CVR Energy stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new stake in CVR Energy in the fourth quarter worth $36,000. PNC Financial Services Group Inc. increased its holdings in shares of CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after buying an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy in the 3rd quarter valued at about $43,000. Larson Financial Group LLC boosted its holdings in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares during the period. Finally, FMR LLC grew its position 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 worth $93,000 after acquiring an additional 2,049 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.