CVR Energy (NYSE:CVI) Trading 3.7% Higher – Should You Buy?

CVR Energy, Inc. (NYSE:CVI) shares traded up 3.7% during mid-day trading on Monday . The stock traded as high as $21.20 and last traded at $21.10. 129,189 shares changed hands during trading, a decline of 86% from the average session volume of 912,277 shares. The stock had previously closed at $20.35.

Wall Street Analyst Weigh In

CVI has been the topic of several research analyst reports. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho boosted their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report 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 a consensus rating of “Reduce” and a consensus price target of $23.00.

CVR Energy Trading Down 3.0 %

The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $2.00 billion, a P/E ratio of 332.06 and a beta of 1.57. The company has a 50-day moving average price of $19.31 and a 200 day moving average price of $21.00.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share 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, research analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CVI. International Assets Investment Management LLC acquired a new position in shares of CVR Energy in the third quarter valued at about $382,000. Louisiana State Employees Retirement System boosted its position in CVR Energy by 12.2% in the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 1,800 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in CVR Energy by 14.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,505 shares of the oil and gas company’s stock worth $449,000 after buying an additional 2,388 shares during the period. Amalgamated Bank increased its holdings in CVR Energy by 9.6% in the 3rd quarter. Amalgamated Bank now owns 9,716 shares of the oil and gas company’s stock worth $224,000 after buying an additional 849 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in CVR Energy during the 3rd quarter worth approximately $327,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.