CVR Energy Inc. (CVI) Downgraded to Buy at ValuEngine
ValuEngine lowered shares of CVR Energy Inc. (NYSE:CVI) from a strong-buy rating to a buy rating in a report released on Thursday morning.
Separately, BidaskClub raised shares of CVR Energy from a strong sell rating to a sell rating in a report on Tuesday, June 13th.
Shares of CVR Energy (NYSE CVI) opened at 27.47 on Thursday. The firm has a market cap of $2.39 billion, a PE ratio of 100.26 and a beta of 1.66. The company has a 50 day moving average of $23.00 and a 200 day moving average of $21.03. CVR Energy has a 52 week low of $12.03 and a 52 week high of $27.86.
CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $1.43 billion during the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. On average, equities research analysts anticipate that CVR Energy will post $0.89 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in CVR Energy by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,651 shares of the oil and gas company’s stock worth $210,000 after purchasing an additional 358 shares during the period. American International Group Inc. lifted its holdings in 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 worth $227,000 after purchasing an additional 628 shares during the period. Zweig DiMenna Associates LLC lifted its holdings in CVR Energy by 6.4% in the second quarter. Zweig DiMenna Associates LLC now owns 13,300 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 800 shares during the period. Advisor Group Inc. lifted its holdings in CVR Energy by 27.6% in the second quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 1,013 shares during the period. Finally, Creative Planning lifted its holdings in CVR Energy by 39.4% in the second quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,850 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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