Brokerages Set CVR Energy, Inc. (CVI) PT at $42.60

CVR Energy, Inc. (NYSE:CVI) has earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.60.

A number of equities analysts have issued reports on the stock. Tudor Pickering assumed coverage on shares of CVR Energy in a research report on Thursday, December 13th. They set a “hold” rating and a $40.00 target price for the company. Barclays assumed coverage on shares of CVR Energy in a research report on Thursday, January 24th. They set an “underweight” rating and a $47.00 target price for the company. Citigroup cut their target price on shares of CVR Energy from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Wolfe Research assumed coverage on shares of CVR Energy in a research report on Monday, January 28th. They set a “market perform” rating and a $38.00 target price for the company.

CVI stock traded up $0.73 during trading on Tuesday, reaching $41.86. 282,331 shares of the company were exchanged, compared to its average volume of 530,095. The company has a market cap of $4.16 billion, a P/E ratio of 15.18 and a beta of 1.22. CVR Energy has a 52-week low of $29.24 and a 52-week high of $47.67. The company has a current ratio of 2.61, a quick ratio of 1.84 and a debt-to-equity ratio of 0.62.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.15). The company had revenue of $1.74 billion for the quarter. CVR Energy had a return on equity of 14.08% and a net margin of 4.06%.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Friday, March 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in CVI. Bank of America Corp DE raised its position in shares of CVR Energy by 20.2% in the second quarter. Bank of America Corp DE now owns 18,001 shares of the oil and gas company’s stock valued at $667,000 after buying an additional 3,030 shares during the last quarter. First Trust Advisors LP raised its position in shares of CVR Energy by 48.3% in the third quarter. First Trust Advisors LP now owns 141,942 shares of the oil and gas company’s stock valued at $5,709,000 after buying an additional 46,234 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of CVR Energy by 10.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 12,941 shares of the oil and gas company’s stock valued at $520,000 after buying an additional 1,206 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of CVR Energy by 44.8% in the third quarter. Wells Fargo & Company MN now owns 44,818 shares of the oil and gas company’s stock valued at $1,802,000 after buying an additional 13,866 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of CVR Energy in the third quarter valued at approximately $102,000. Institutional investors own 91.72% of the company’s stock.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

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Analyst Recommendations for CVR Energy (NYSE:CVI)

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