Mizuho Lowers CVR Energy (NYSE:CVI) Price Target to $25.00

CVR Energy (NYSE:CVI) had its price target lowered by Mizuho from $27.00 to $25.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Other analysts have also recently issued research reports about the company. Tudor, Pickering, Holt & Co. cut CVR Energy from a hold rating to a sell rating in a research report on Monday, September 9th. Scotiabank increased their target price on CVR Energy from $24.00 to $25.00 and gave the stock a sector underperform rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on CVR Energy from $30.00 to $26.00 and set an underweight rating for the company in a research report on Tuesday, July 2nd. UBS Group cut their target price on CVR Energy from $33.75 to $30.00 and set a neutral rating for the company in a research report on Tuesday, August 13th. Finally, Tudor Pickering upgraded CVR Energy to a strong sell rating in a research report on Monday, September 9th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, CVR Energy has an average rating of Reduce and an average price target of $26.50.

CVR Energy Stock Performance

Shares of CVI opened at $22.97 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $28.85. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 3.52 and a beta of 1.49. CVR Energy has a 52 week low of $21.05 and a 52 week high of $38.07.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 earnings per share. On average, analysts expect that CVR Energy will post 0.55 EPS for the current year.

CVR Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.71%. The ex-dividend date of this dividend was Monday, August 12th. CVR Energy’s dividend payout ratio is presently 30.67%.

Hedge Funds Weigh In On CVR Energy

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in CVR Energy during the 4th quarter valued at approximately $33,000. Headlands Technologies LLC grew its holdings in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 1,321 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in CVR Energy during the 1st quarter valued at approximately $71,000. Covestor Ltd grew its holdings in CVR Energy by 45,560.0% during the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after buying an additional 2,278 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in CVR Energy during the 4th quarter valued at approximately $89,000. Hedge funds and other 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.