CVR Energy, Inc. (NYSE:CVI) Receives $28.35 Consensus Price Target from Analysts

CVR Energy, Inc. (NYSE:CVI) has been given an average recommendation of “Strong Sell” by the five brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.35.

CVI has been the topic of several research reports. Mizuho initiated coverage on CVR Energy in a research note on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price target on the stock. StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. UBS Group lowered their price target on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. JPMorgan Chase & Co. cut their price objective on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Finally, Scotiabank reduced their price objective on shares of CVR Energy from $29.00 to $24.00 and set a “sector underperform” rating on the stock in a research note on Friday, July 12th.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in CVR Energy during the second quarter worth about $2,484,000. SG Americas Securities LLC acquired a new stake in shares of CVR Energy during the second quarter worth about $221,000. CX Institutional lifted its holdings in shares of CVR Energy by 4.0% during the 2nd quarter. CX Institutional now owns 99,128 shares of the oil and gas company’s stock valued at $2,654,000 after purchasing an additional 3,784 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of CVR Energy by 67.3% during the 1st quarter. Janus Henderson Group PLC now owns 23,892 shares of the oil and gas company’s stock valued at $852,000 after purchasing an additional 9,607 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in shares of CVR Energy in the 1st quarter valued at approximately $1,145,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Down 0.0 %

Shares of CVI opened at $24.85 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $31.00. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 3.81 and a beta of 1.54. CVR Energy has a 12 month low of $23.93 and a 12 month high of $39.36.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $1.44 EPS. CVR Energy’s revenue for the quarter was down 18.5% compared to the same quarter last year. Equities analysts predict that CVR Energy will post 0.13 EPS for the current fiscal year.

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 8.05%. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

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.