CVR Energy (NYSE:CVI) Trading 3.9% Higher – Should You Buy?

CVR Energy, Inc. (NYSE:CVI) shares were up 3.9% on Wednesday . The company traded as high as $20.72 and last traded at $20.81. Approximately 31,712 shares changed hands during trading, a decline of 97% from the average daily volume of 1,183,663 shares. The stock had previously closed at $20.03.

Analysts Set New Price Targets

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

CVR Energy Trading Up 1.2 %

The stock has a market capitalization of $2.04 billion, a P/E ratio of 337.97 and a beta of 1.55. The stock’s 50 day moving average price is $19.60 and its 200-day moving average price is $20.21. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI) last posted its 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 negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.85 billion. As a group, equities research analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 3,610 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the purchase, the insider now directly owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 1,492,540 shares of company stock valued at $27,049,928 over the last quarter. 0.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CVR Energy

A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CVR Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock worth $364,000 after buying an additional 683 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in 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 valued at $38,000 after buying an additional 731 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CVR Energy by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock worth $1,130,000 after acquiring an additional 1,035 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of CVR Energy by 14.3% during the fourth quarter. IHT Wealth Management LLC now owns 10,176 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 1,275 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of CVR Energy by 11.3% during the fourth quarter. New York State Teachers Retirement System now owns 13,812 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 1,400 shares in the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

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.