BidaskClub cut shares of CVR Energy Inc. (NYSE:CVI) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Separately, ValuEngine upgraded CVR Energy from a buy rating to a strong-buy rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $14.50.

CVR Energy (NYSE CVI) opened at 18.91 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 70.04 and a beta of 1.75. CVR Energy has a 52-week low of $12.03 and a 52-week high of $25.91. The stock’s 50 day moving average price is $21.35 and its 200-day moving average price is $21.19.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.07. CVR Energy had a return on equity of 2.07% and a net margin of 0.44%. The business had revenue of $1.43 billion during the quarter. Analysts predict that CVR Energy will post $0.29 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.58%. The ex-dividend date of this dividend is Thursday, August 3rd. CVR Energy’s payout ratio is 714.31%.

Hedge funds have recently modified their holdings of the company. Creative Planning boosted its stake in shares of CVR Energy by 39.4% in the second quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,850 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of CVR Energy by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock valued at $187,000 after buying an additional 530 shares during the last quarter. US Bancorp DE boosted its stake in shares of CVR Energy by 23.2% in the first quarter. US Bancorp DE now owns 11,065 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 2,085 shares during the last quarter. American International Group Inc. boosted its stake in shares of CVR Energy by 5.9% in the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 628 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of CVR Energy during the fourth quarter valued at approximately $229,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

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