CVR Energy (NYSE:CVI) Upgraded at StockNews.com

CVR Energy (NYSE:CVI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Scotiabank upped their price objective on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th.

CVR Energy Price Performance

CVI traded up $0.06 during trading on Friday, reaching $29.49. The stock had a trading volume of 1,373,970 shares, compared to its average volume of 920,338. The stock has a 50 day moving average of $34.21 and a two-hundred day moving average of $32.75. CVR Energy has a 1-year low of $22.60 and a 1-year high of $39.36. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 4.52 and a beta of 1.59. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 1.48.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). CVR Energy had a net margin of 7.44% and a return on equity of 40.14%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The firm’s revenue was down 18.5% compared to the same quarter last year. As a group, equities analysts anticipate that CVR Energy will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CVI. Denali Advisors LLC boosted its stake in shares of CVR Energy by 76,632.2% during the 4th quarter. Denali Advisors LLC now owns 45,272 shares of the oil and gas company’s stock worth $1,372,000 after buying an additional 45,213 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of CVR Energy by 3,191.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,458 shares of the oil and gas company’s stock worth $1,105,000 after acquiring an additional 31,472 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of CVR Energy by 57.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock valued at $31,462,000 after purchasing an additional 338,393 shares during the last quarter. FCF Advisors LLC bought a new position in CVR Energy in the 4th quarter valued at about $830,000. Finally, Cambria Investment Management L.P. boosted its position in shares of CVR Energy by 8.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock worth $13,301,000 after acquiring an additional 30,513 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

About CVR Energy

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.