CVR Energy (NYSE:CVI) Stock Price Up 3.7% – Should You Buy?

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

Wall Street Analyst Weigh In

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

CVR Energy Stock Up 3.4 %

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 350.48 and a beta of 1.57. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The firm’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $21.06.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. Equities analysts expect that CVR Energy, Inc. will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the acquisition, the insider now owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On CVR Energy

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