CVR Energy, Inc. (NYSE:CVI) Receives $28.55 Consensus Target Price from Analysts

CVR Energy, Inc. (NYSE:CVI) has been given a consensus recommendation of “Strong Sell” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.80.

Several equities analysts have weighed in on CVI shares. UBS Group cut their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Scotiabank boosted their target price on CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, Mizuho initiated coverage on shares of CVR Energy in a report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in CVR Energy by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after acquiring an additional 424,348 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of CVR Energy by 282.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 104,989 shares of the oil and gas company’s stock valued at $3,181,000 after purchasing an additional 77,539 shares in the last quarter. BNP Paribas Financial Markets lifted its position in CVR Energy by 29.0% in the fourth quarter. BNP Paribas Financial Markets now owns 123,088 shares of the oil and gas company’s stock worth $3,730,000 after purchasing an additional 27,676 shares during the period. Rafferty Asset Management LLC boosted its stake in CVR Energy by 26.0% during the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock worth $4,230,000 after buying an additional 28,797 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in CVR Energy in the 1st quarter valued at $754,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Up 0.6 %

Shares of CVR Energy stock opened at $25.83 on Friday. The stock has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $30.40. CVR Energy has a 52-week low of $23.80 and a 52-week high of $38.07. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 3.96 and a beta of 1.54. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.91.

CVR Energy (NYSE:CVI) last posted its earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.30) by $0.39. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, equities research analysts expect that CVR Energy will post 0.25 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, August 12th. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

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.