CVR Energy Inc. (CVI) Stock Rating Lowered by ValuEngine
CVR Energy Inc. (NYSE:CVI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Separately, BidaskClub cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Shares of CVR Energy (NYSE CVI) opened at 27.47 on Thursday. CVR Energy has a one year low of $12.03 and a one year high of $27.86. The firm’s 50-day moving average price is $23.00 and its 200-day moving average price is $21.03. The firm has a market capitalization of $2.39 billion, a P/E ratio of 100.26 and a beta of 1.66.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The company had revenue of $1.43 billion for the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. On average, equities analysts forecast that CVR Energy will post $0.89 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in CVR Energy during the 1st quarter valued at $1,148,000. Century Capital Management LLC bought a new stake in CVR Energy during the 2nd quarter valued at $1,376,000. Russell Investments Group Ltd. raised its holdings in CVR Energy by 83.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 57,144 shares of the oil and gas company’s stock valued at $1,243,000 after acquiring an additional 25,964 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in CVR Energy by 10.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 218,138 shares of the oil and gas company’s stock valued at $4,381,000 after acquiring an additional 21,420 shares during the period. Finally, Breton Hill Capital Ltd. bought a new stake in CVR Energy during the 2nd quarter valued at $728,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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