CVR Energy (NYSE:CVI) Price Target Raised to $25.00

CVR Energy (NYSE:CVI) had its price target raised by Mizuho from $21.00 to $25.00 in a research report report published on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating on the stock in a report on Thursday, March 27th. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Monday, May 5th. Finally, StockNews.com cut CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, CVR Energy has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Price Performance

NYSE:CVI opened at $24.20 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The business’s 50-day simple moving average is $19.33 and its two-hundred day simple moving average is $19.08. The stock has a market cap of $2.43 billion, a PE ratio of 403.40 and a beta of 1.02. CVR Energy has a 52 week low of $15.10 and a 52 week high of $30.44.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn bought 3,610 shares of the company’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the completion of the transaction, the insider now directly owns 67,574,203 shares of the company’s stock, valued at approximately $1,232,553,462.72. This represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 1,641,760 shares of company stock valued at $28,641,557 over the last ninety days. 0.01% of the stock is owned by insiders.

Institutional Investors Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of CVR Energy by 67.2% in the first quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after buying an additional 5,992 shares during the period. State of Wyoming purchased a new stake in shares of CVR Energy in the first quarter valued at approximately $233,000. Trexquant Investment LP purchased a new stake in shares of CVR Energy in the first quarter valued at approximately $769,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of CVR Energy by 26.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company’s stock valued at $11,394,000 after purchasing an additional 123,510 shares during the period. Finally, Martingale Asset Management L P purchased a new stake in shares of CVR Energy in the first quarter valued at approximately $352,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

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.