Barclays PLC upgraded shares of CVR Refining, LP (NYSE:CVRR) from an underweight rating to an equal weight rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have $14.00 target price on the oil and gas company’s stock, up from their prior target price of $13.00.

Other equities analysts have also recently issued reports about the stock. ValuEngine cut shares of CVR Refining, from a buy rating to a hold rating in a research report on Monday, September 11th. Citigroup Inc. reduced their price objective on shares of CVR Refining, from $11.00 to $10.00 and set a neutral rating for the company in a research report on Monday, July 17th. UBS AG restated a neutral rating and set a $8.50 price objective (down from $10.00) on shares of CVR Refining, in a research report on Tuesday, August 8th. Finally, BidaskClub cut shares of CVR Refining, from a strong-buy rating to a buy rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. CVR Refining, has a consensus rating of Hold and an average target price of $10.75.

CVR Refining, (CVRR) traded up $0.25 on Tuesday, hitting $12.50. 373,600 shares of the company traded hands, compared to its average volume of 458,548. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86. The firm has a market cap of $1,820.00, a PE ratio of 17.01 and a beta of 1.29. CVR Refining, has a 1 year low of $6.70 and a 1 year high of $13.21.

CVR Refining, (NYSE:CVRR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.24. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.20 billion. CVR Refining, had a net margin of 1.98% and a return on equity of 7.90%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. analysts forecast that CVR Refining, will post 1.53 earnings per share for the current fiscal year.

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The firm also recently announced a special dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 10th will be given a $0.94 dividend. The ex-dividend date is Thursday, November 9th. CVR Refining,’s dividend payout ratio (DPR) is 515.07%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Refining, in the third quarter valued at about $185,000. Wells Fargo & Company MN raised its position in shares of CVR Refining, by 150.4% in the third quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock valued at $1,758,000 after buying an additional 107,130 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in shares of CVR Refining, by 22.3% in the third quarter. HITE Hedge Asset Management LLC now owns 1,276,154 shares of the oil and gas company’s stock valued at $12,570,000 after buying an additional 232,347 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of CVR Refining, by 40.4% in the third quarter. JPMorgan Chase & Co. now owns 758,593 shares of the oil and gas company’s stock valued at $7,510,000 after buying an additional 218,160 shares during the last quarter. Finally, Regal Investment Advisors LLC grew its holdings in shares of CVR Refining, by 10.9% in the third quarter. Regal Investment Advisors LLC now owns 41,637 shares of the oil and gas company’s stock valued at $410,000 after purchasing an additional 4,100 shares during the period. Institutional investors and hedge funds own 10.78% of the company’s stock.

About CVR Refining,

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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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