CVR Energy Inc. (NYSE:CVI) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have received a consensus rating of “Strong Sell” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.50.

Several brokerages have commented on CVI. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. UBS Group restated a “neutral” rating and set a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Wall Street Zen raised shares of CVR Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Scotiabank lifted their price target on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research note on Wednesday, April 22nd. Finally, Tudor Pickering cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th.

CVR Energy Stock Up 0.1%

Shares of NYSE CVI opened at $31.17 on Monday. The business has a 50-day moving average of $31.48 and a two-hundred day moving average of $29.82. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 45.84 and a beta of 0.83. CVR Energy has a 1 year low of $19.62 and a 1 year high of $41.67. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The business’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) EPS. On average, analysts forecast that CVR Energy will post 0.16 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. CVR Energy’s payout ratio is 58.82%.

Institutional Trading of CVR Energy

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 339 shares in the last quarter. PNC Financial Services Group Inc. increased its position in CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of CVR Energy by 2.9% in the third quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock worth $778,000 after acquiring an additional 596 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of CVR Energy by 3.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 17,741 shares of the oil and gas company’s stock valued at $451,000 after acquiring an additional 660 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of CVR Energy by 1.5% in the third quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock valued at $1,785,000 after acquiring an additional 700 shares in the last quarter. 98.88% of the stock is 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.