ValuEngine lowered shares of CVR Refining, LP (NYSE:CVRR) from a buy rating to a hold rating in a research report report published on Monday.

Several other research firms have also commented on CVRR. BidaskClub lowered shares of CVR Refining, from a sell rating to a strong sell rating in a report on Sunday, August 6th. Citigroup Inc. lowered their price target on shares of CVR Refining, from $11.00 to $10.00 and set a neutral rating on the stock in a report on Monday, July 17th. Zacks Investment Research lowered shares of CVR Refining, from a hold rating to a sell rating in a report on Wednesday, July 5th. UBS AG reaffirmed a neutral rating and issued a $8.50 price target (down from $10.00) on shares of CVR Refining, in a report on Tuesday, August 8th. Finally, Credit Suisse Group lowered shares of CVR Refining, from an outperform rating to a neutral rating and set a $10.00 price target on the stock. in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of $9.56.

CVR Refining, (NYSE:CVRR) opened at 9.15 on Monday. CVR Refining, has a one year low of $6.45 and a one year high of $12.55. The company has a 50-day moving average price of $7.81 and a 200-day moving average price of $9.23. The company has a market capitalization of $1.35 billion, a PE ratio of 25.49 and a beta of 1.25.

CVR Refining, (NYSE:CVRR) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.53 earnings per share. CVR Refining,’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts expect that CVR Refining, will post $0.25 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of CVRR. Ameriprise Financial Inc. raised its position in shares of CVR Refining, by 1.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 58,550 shares of the oil and gas company’s stock worth $556,000 after purchasing an additional 1,100 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of CVR Refining, by 14.4% during the 2nd quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,705 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CVR Refining, by 10.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 2,000 shares during the last quarter. California Public Employees Retirement System raised its position in shares of CVR Refining, by 3.3% during the 2nd quarter. California Public Employees Retirement System now owns 100,400 shares of the oil and gas company’s stock worth $954,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of CVR Refining, by 13.5% during the 1st quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 3,716 shares during the last quarter. 10.98% of the stock is currently owned by institutional investors and hedge funds.

CVR Refining, Company Profile

CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.

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Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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