CVR Energy, Inc. (NYSE:CVI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $48.00 for the company, according to Zacks. Zacks has also given CVR Energy an industry rank of 158 out of 257 based on the ratings given to related companies.

A number of research analysts have recently commented on the company. Goldman Sachs Group downgraded CVR Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $47.00 to $45.00 in a report on Tuesday, November 6th. Citigroup assumed coverage on CVR Energy in a report on Wednesday, October 31st. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, ValuEngine downgraded CVR Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th.

Shares of CVI traded down $1.07 during mid-day trading on Friday, reaching $37.66. The company’s stock had a trading volume of 659,660 shares, compared to its average volume of 480,638. CVR Energy has a 12-month low of $28.14 and a 12-month high of $47.67. The company has a market cap of $3.89 billion, a P/E ratio of 18.10 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.59 and a current ratio of 2.30.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%. The business had revenue of $1.94 billion for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 12th. Stockholders of record on Monday, November 5th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.97%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVI. Marshall Wace LLP purchased a new position in shares of CVR Energy in the 3rd quarter valued at about $12,000,000. BlackRock Inc. increased its holdings in shares of CVR Energy by 25.3% in the 3rd quarter. BlackRock Inc. now owns 1,427,502 shares of the oil and gas company’s stock valued at $57,413,000 after acquiring an additional 288,591 shares during the last quarter. Natixis purchased a new position in shares of CVR Energy in the 2nd quarter valued at about $8,003,000. Teachers Advisors LLC grew its stake in CVR Energy by 354.0% during the 3rd quarter. Teachers Advisors LLC now owns 153,127 shares of the oil and gas company’s stock worth $6,159,000 after buying an additional 119,396 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in CVR Energy by 14.5% during the 3rd quarter. Renaissance Technologies LLC now owns 860,351 shares of the oil and gas company’s stock worth $34,603,000 after buying an additional 108,951 shares during the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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