CVR Energy, Inc. (NYSE:CVI) Given Consensus Recommendation of “Strong Sell” by Analysts

CVR Energy, Inc. (NYSE:CVI) has been assigned a consensus recommendation of “Strong Sell” from the seven analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.00.

Several equities research analysts have issued reports on the company. StockNews.com downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 14th. The Goldman Sachs Group decreased their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Mizuho upped 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. Finally, Scotiabank decreased their price target on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a report on Thursday, October 10th.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the purchase, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CVI. State Street Corp increased its stake in CVR Energy by 18.1% in the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after acquiring an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in CVR Energy during the third quarter valued at about $5,335,000. Millennium Management LLC purchased a new stake in CVR Energy during the second quarter valued at about $2,889,000. Holocene Advisors LP boosted its position in CVR Energy by 134.1% during the third quarter. Holocene Advisors LP now owns 179,702 shares of the oil and gas company’s stock valued at $4,139,000 after buying an additional 102,935 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in CVR Energy by 37.2% during the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock valued at $8,108,000 after buying an additional 95,371 shares during the period. Institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Down 3.5 %

NYSE:CVI opened at $18.98 on Thursday. The company has a market cap of $1.91 billion, a P/E ratio of 27.50 and a beta of 1.57. The stock’s fifty day moving average price is $19.24 and its two-hundred day moving average price is $21.68. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

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.