Brokerages Set CVR Energy, Inc. (NYSE:CVI) PT at $25.75

CVR Energy, Inc. (NYSE:CVI) has received a consensus recommendation of “Strong Sell” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.75.

A number of research analysts recently commented on CVI shares. Mizuho decreased their price target on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. UBS Group cut their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. cut their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 2nd.

Institutional Trading of CVR Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its holdings in shares of CVR Energy by 480.7% during the 4th quarter. US Bancorp DE now owns 19,377 shares of the oil and gas company’s stock valued at $587,000 after acquiring an additional 16,040 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of CVR Energy during the fourth quarter valued at about $33,000. Rafferty Asset Management LLC grew its holdings in shares of CVR Energy by 26.0% during the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock worth $4,230,000 after purchasing an additional 28,797 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of CVR Energy in the fourth quarter valued at approximately $89,000. Finally, Virtu Financial LLC bought a new position in CVR Energy in the 4th quarter valued at approximately $248,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

NYSE CVI opened at $23.79 on Friday. The firm has a 50-day moving average price of $24.33 and a two-hundred day moving average price of $27.66. CVR Energy has a 12-month low of $21.05 and a 12-month high of $38.07. The company has a market capitalization of $2.39 billion, a P/E ratio of 3.65 and a beta of 1.48. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. Analysts anticipate that CVR Energy will post 0.5 earnings per share for the current year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend was Monday, August 12th. CVR Energy’s dividend payout ratio is 30.67%.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.