CVR Energy (NYSE:CVI) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of CVR Energy (NYSE:CVI) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and an average target price of $29.25.

CVR Energy Stock Performance

Shares of NYSE:CVI opened at $21.03 on Friday. The firm has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $30.28. CVR Energy has a 52 week low of $15.10 and a 52 week high of $41.67. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $2.11 billion, a P/E ratio of 80.87 and a beta of 1.16.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) EPS for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. On average, analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, March 2nd.

Institutional Investors Weigh In On CVR Energy

Several institutional investors have recently bought and sold shares of CVI. Invesco Ltd. increased its position in shares of CVR Energy by 19.2% during the fourth quarter. Invesco Ltd. now owns 714,428 shares of the oil and gas company’s stock worth $18,175,000 after purchasing an additional 115,219 shares in the last quarter. Vident Advisory LLC grew its stake in CVR Energy by 369.4% during the 4th quarter. Vident Advisory LLC now owns 30,822 shares of the oil and gas company’s stock worth $784,000 after buying an additional 24,256 shares during the last quarter. NewEdge Advisors LLC increased its position in CVR Energy by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 13,394 shares of the oil and gas company’s stock valued at $341,000 after buying an additional 709 shares in the last quarter. XTX Topco Ltd increased its position in CVR Energy by 348.6% during the 4th quarter. XTX Topco Ltd now owns 138,160 shares of the oil and gas company’s stock valued at $3,515,000 after buying an additional 107,364 shares in the last quarter. Finally, VARCOV Co. purchased a new stake in CVR Energy in the fourth quarter valued at about $538,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.