CVR Energy, Inc. (NYSE:CVI) traded down 1.1% during trading on Friday . The stock traded as low as $44.45 and last traded at $44.96. 10,945 shares were traded during mid-day trading, a decline of 98% from the average session volume of 452,190 shares. The stock had previously closed at $45.44.

Separately, Citigroup cut their target price on CVR Energy from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.60.

The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 13.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.24.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.49. CVR Energy had a return on equity of 18.03% and a net margin of 4.58%. The firm had revenue of $1.49 billion for the quarter.

Several large investors have recently added to or reduced their stakes in CVI. Penserra Capital Management LLC purchased a new stake in shares of CVR Energy in the 4th quarter valued at about $29,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of CVR Energy in the 1st quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CVR Energy by 125.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 1,405 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of CVR Energy in the 1st quarter valued at about $92,000. Finally, SG Americas Securities LLC purchased a new stake in shares of CVR Energy in the 4th quarter valued at about $101,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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About CVR Energy (NYSE:CVI)

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

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