CVR Energy (NYSE:CVI) Trading Down 2.3% – Should You Sell?

CVR Energy, Inc. (NYSE:CVI)’s stock price fell 2.3% during trading on Monday . The stock traded as low as $21.00 and last traded at $20.72. 23,695 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 1,183,822 shares. The stock had previously closed at $21.20.

Wall Street Analysts Forecast Growth

CVI has been the topic of a number of research reports. Mizuho boosted 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. The Goldman Sachs Group lowered their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Finally, StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Price Performance

The stock has a market cap of $2.01 billion, a P/E ratio of 333.22 and a beta of 1.55. The business has a 50-day simple moving average of $19.60 and a 200 day simple moving average of $20.21. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data 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). The company had revenue of $1.95 billion during 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%. On average, analysts forecast that CVR Energy, Inc. will post -0.12 earnings per share for the current year.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the firm’s 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 completion of the purchase, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 1,492,540 shares of company stock worth $27,049,928 over the last three months. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new position in CVR Energy during the fourth quarter worth $36,000. PNC Financial Services Group Inc. raised its holdings in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 731 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of CVR Energy during the 3rd quarter worth about $43,000. Larson Financial Group LLC grew its stake in shares of CVR Energy by 640.9% in 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 buying an additional 2,698 shares during the period. Finally, FMR LLC increased 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 buying an additional 2,049 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

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.