CVR Energy (NYSE:CVI) Stock Price Up 3.9% – What’s Next?

CVR Energy, Inc. (NYSE:CVI)’s stock price was up 3.9% during mid-day trading on Wednesday . The company traded as high as $20.72 and last traded at $20.81. Approximately 31,712 shares were traded during trading, a decline of 97% from the average daily volume of 1,183,663 shares. The stock had previously closed at $20.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Mizuho raised their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $23.00.

CVR Energy Stock Up 1.2 %

The company has a market capitalization of $2.04 billion, a PE ratio of 337.97 and a beta of 1.55. The business has a 50-day moving average of $19.60 and a 200 day moving average of $20.21. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.66 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last posted its earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. Equities research analysts predict that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 3,610 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $18.24 per share, with a total value of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares of the company’s stock, valued at approximately $1,232,553,462.72. This trade represents a 0.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired 1,492,540 shares of company stock valued at $27,049,928 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new stake in CVR Energy in the fourth quarter worth about $36,000. PNC Financial Services Group Inc. raised its holdings in shares of CVR Energy by 55.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after buying an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy during the 3rd quarter worth approximately $43,000. Larson Financial Group LLC boosted its holdings in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares during the period. Finally, FMR LLC grew its position in CVR Energy by 103.4% in the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 2,049 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

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.