CVR Refining (NYSE:CVRR) had its price target boosted by equities research analysts at Citigroup from $13.00 to $16.00 in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price target suggests a potential downside of 8.31% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. UBS Group cut CVR Refining from a “neutral” rating to a “sell” rating and upped their price target for the stock from $8.50 to $10.50 in a report on Wednesday, November 15th. Barclays upgraded CVR Refining from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $13.00 to $14.00 in a report on Tuesday, November 14th. Tudor Pickering upgraded CVR Refining from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Zacks Investment Research cut CVR Refining from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub upgraded CVR Refining from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.58.
Shares of CVR Refining (NYSE:CVRR) opened at $17.45 on Wednesday. The firm has a market capitalization of $2,590.38, a P/E ratio of 24.24 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.38. CVR Refining has a fifty-two week low of $6.70 and a fifty-two week high of $18.25.
A number of large investors have recently made changes to their positions in CVRR. Acadian Asset Management LLC lifted its stake in shares of CVR Refining by 101.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,659,956 shares of the oil and gas company’s stock worth $27,472,000 after purchasing an additional 835,666 shares during the period. Bank of Montreal Can lifted its stake in shares of CVR Refining by 14.2% during the 4th quarter. Bank of Montreal Can now owns 46,489 shares of the oil and gas company’s stock worth $769,000 after purchasing an additional 5,789 shares during the period. GSA Capital Partners LLP lifted its stake in shares of CVR Refining by 73.9% during the 3rd quarter. GSA Capital Partners LLP now owns 80,430 shares of the oil and gas company’s stock worth $792,000 after purchasing an additional 34,171 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of CVR Refining during the 3rd quarter worth $185,000. Finally, Wells Fargo & Company MN lifted its stake in shares of CVR Refining by 150.4% during the 3rd quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock worth $1,758,000 after purchasing an additional 107,130 shares during the period. Hedge funds and other institutional investors own 12.78% of the company’s stock.
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CVR Refining Company Profile
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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