CVR Energy (NYSE:CVI) Downgraded to “Sell” at Tudor Pickering

Tudor Pickering downgraded shares of CVR Energy (NYSE:CVI) from a hold rating to a sell rating in a research note published on Tuesday morning, Automated Import reports.

A number of other equities research analysts have also recently commented on CVI. Citigroup raised their price objective on shares of from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the stock a buy rating in a research note on Friday, June 21st. Goldman Sachs Group raised shares of ResMed from a neutral rating to a buy rating in a research note on Monday. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. CVR Energy presently has a consensus rating of Hold and an average price target of $44.20.

Shares of NYSE CVI opened at $52.62 on Tuesday. The firm has a market cap of $5.55 billion, a PE ratio of 14.04 and a beta of 1.32. CVR Energy has a 12 month low of $30.46 and a 12 month high of $55.52. The stock’s 50 day moving average price is $50.76. The company has a quick ratio of 1.59, a current ratio of 2.40 and a debt-to-equity ratio of 0.70.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $1.69 billion for the quarter. CVR Energy had a net margin of 5.68% and a return on equity of 21.99%.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be paid a $0.75 dividend. The ex-dividend date is Friday, August 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 5.70%.

Institutional investors have recently added to or reduced their stakes in the stock. Personal Wealth Partners acquired a new stake in CVR Energy in the 2nd quarter valued at $63,000. New York State Teachers Retirement System acquired a new stake in CVR Energy in the 2nd quarter valued at $80,000. Winslow Evans & Crocker Inc. acquired a new stake in CVR Energy in the 2nd quarter valued at $154,000. SG Americas Securities LLC grew its stake in CVR Energy by 10.7% in the 1st quarter. SG Americas Securities LLC now owns 3,226 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 311 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in CVR Energy in the 1st quarter valued at $166,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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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