CVR Energy Inc. (NYSE:CVI) Given Average Rating of “Strong Sell” by Brokerages

CVR Energy Inc. (NYSE:CVI) has been assigned a consensus recommendation of “Strong Sell” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.50.

CVI has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. Tudor Pickering cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. UBS Group reiterated a “neutral” rating and issued a $35.00 price target on shares of CVR Energy in a research note on Monday, June 29th. Wall Street Zen upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

CVR Energy Stock Performance

NYSE:CVI opened at $48.52 on Friday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 71.36 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 2.38. CVR Energy has a 52 week low of $19.62 and a 52 week high of $50.27. The company has a fifty day simple moving average of $36.27 and a two-hundred day simple moving average of $32.65.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.CVR Energy’s revenue was up 55.5% compared to the same quarter last year. During the same period last year, the business posted ($0.23) earnings per share. As a group, equities analysts anticipate that CVR Energy will post 0.79 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. CVR Energy’s payout ratio is presently 58.82%.

Institutional Trading of CVR Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CVI. Nykredit A S acquired a new position in shares of CVR Energy during the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of CVR Energy by 44.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 339 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of CVR Energy during the 4th quarter worth about $40,000. Finally, Horizon Investments LLC purchased a new stake in CVR Energy during the fourth quarter worth approximately $47,000. 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.