CVR Energy (NYSE:CVI) Trading 3.7% Higher – What’s Next?

CVR Energy, Inc. (NYSE:CVI)’s stock price rose 3.7% during mid-day trading on Monday . The stock traded as high as $21.20 and last traded at $21.10. Approximately 129,189 shares traded hands during trading, a decline of 86% from the average daily volume of 912,277 shares. The stock had previously closed at $20.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CVI shares. The Goldman Sachs Group decreased their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Friday, December 6th. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Mizuho increased their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy presently has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy Price Performance

The business has a 50 day simple moving average of $19.22 and a two-hundred day simple moving average of $21.06. The firm has a market capitalization of $2.11 billion, a P/E ratio of 350.48 and a beta of 1.57. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. On average, sell-side analysts expect that CVR Energy, Inc. will post -0.12 EPS for the current fiscal year.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the acquisition, the insider now owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.01% of the company’s stock.

Institutional Trading of CVR Energy

Hedge funds have recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in shares of CVR Energy during the fourth quarter valued at approximately $198,000. GTS Securities LLC bought a new stake in CVR Energy in the fourth quarter valued at $197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CVR Energy by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock valued at $1,130,000 after purchasing an additional 1,035 shares during the period. Two Sigma Investments LP raised its holdings in CVR Energy by 56.2% in the 4th quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company’s stock worth $14,059,000 after purchasing an additional 269,763 shares in the last quarter. Finally, Thomist Capital Management LP purchased a new stake in shares of CVR Energy in the 4th quarter worth about $781,000. Institutional investors own 98.88% of the company’s stock.

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.