CVR Energy (NYSE:CVI – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.
Separately, UBS Group dropped their price objective on shares of CVR Energy from $36.00 to $34.00 in a research note on Friday, June 30th.
CVR Energy Stock Down 1.0 %
Shares of NYSE CVI opened at $31.30 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.76 and a debt-to-equity ratio of 1.71. The firm has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $29.60. The firm has a market capitalization of $3.15 billion, a PE ratio of 5.58 and a beta of 1.55. CVR Energy has a 12 month low of $22.60 and a 12 month high of $42.21.
CVR Energy (NYSE:CVI – Get Free Report) last announced its quarterly earnings data on Monday, May 1st. The oil and gas company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.95 by $0.49. CVR Energy had a net margin of 5.23% and a return on equity of 84.70%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities analysts expect that CVR Energy will post 3.7 earnings per share for the current year.
Institutional Trading of CVR Energy
Institutional investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. bought a new stake in shares of CVR Energy in the 1st quarter worth approximately $54,000. CI Investments Inc. bought a new stake in shares of CVR Energy in the 4th quarter valued at approximately $54,000. Hartford Financial Management Inc. bought a new stake in CVR Energy during the first quarter worth approximately $59,000. Money Concepts Capital Corp lifted its holdings in shares of CVR Energy by 145.4% during the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company’s stock worth $70,000 after buying an additional 1,319 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of CVR Energy in the first quarter valued at $79,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.
CVR Energy Company Profile
CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.