CVR Energy (NYSE:CVI) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of CVR Energy (NYSE:CVI) from a sell rating to a hold rating in a research report sent to investors on Thursday.

CVI has been the subject of a number of other reports. Mizuho increased their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. The Goldman Sachs Group cut their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Finally, Scotiabank dropped their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. 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 MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $23.00.

CVR Energy Stock Down 3.0 %

Shares of CVI opened at $18.39 on Thursday. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. The firm’s 50 day moving average is $19.22 and its 200-day moving average is $21.65. The stock has a market capitalization of $1.85 billion, a PE ratio of 26.64 and a beta of 1.57. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84.

Insider Activity

In other CVR Energy news, major shareholder Carl C. Icahn purchased 878,212 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the transaction, the insider now owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On CVR Energy

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 22.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company’s stock worth $14,675,000 after purchasing an additional 143,941 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of CVR Energy by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 15,147 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 4,547 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of CVR Energy in the 4th quarter valued at about $736,000. Principal Financial Group Inc. grew its position in shares of CVR Energy by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 166,674 shares of the oil and gas company’s stock worth $3,123,000 after buying an additional 4,830 shares during the last quarter. Finally, Congress Asset Management Co. grew its position in shares of CVR Energy by 8.0% in the 4th quarter. Congress Asset Management Co. now owns 84,626 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 6,237 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.