CVR Energy Inc. (NYSE:CVI) Given Average Rating of “Strong Sell” by Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned a consensus recommendation of “Strong Sell” from the six research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.25.

A number of research analysts recently issued reports on CVI shares. Wall Street Zen lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. The Goldman Sachs Group lifted their price target on shares of CVR Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday. Finally, Weiss Ratings cut CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, February 20th.

CVR Energy Trading Up 1.3%

CVI opened at $28.73 on Friday. CVR Energy has a twelve month low of $15.10 and a twelve month high of $41.67. The firm has a market cap of $2.89 billion, a PE ratio of 110.51 and a beta of 1.12. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.13 and a current ratio of 1.79. The firm’s fifty day moving average is $23.85 and its two-hundred day moving average is $30.10.

CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the business earned ($0.13) EPS. CVR Energy’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.37 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 5.2%.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn bought 275,012 shares of CVR Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of $21.41 per share, with a total value of $5,888,006.92. Following the acquisition, the insider owned 71,201,875 shares of the company’s stock, valued at approximately $1,524,432,143.75. This represents a 0.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 783,404 shares of company stock valued at $16,445,044 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in CVR Energy by 1,817.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,394 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 3,217 shares during the period. Invesco Ltd. grew its position in shares of CVR Energy by 19.2% during the 4th quarter. Invesco Ltd. now owns 714,428 shares of the oil and gas company’s stock worth $18,175,000 after purchasing an additional 115,219 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of CVR Energy by 369.4% during the fourth quarter. Vident Advisory LLC now owns 30,822 shares of the oil and gas company’s stock worth $784,000 after purchasing an additional 24,256 shares during the period. NewEdge Advisors LLC raised its position in shares of CVR Energy by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 13,394 shares of the oil and gas company’s stock valued at $341,000 after buying an additional 709 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of CVR Energy by 348.6% in the fourth quarter. XTX Topco Ltd now owns 138,160 shares of the oil and gas company’s stock valued at $3,515,000 after buying an additional 107,364 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.