CVR Energy (NYSE:CVI) PT Lowered to $25.00 at Mizuho

CVR Energy (NYSE:CVI) had its price target lowered by analysts at Mizuho from $27.00 to $25.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price indicates a potential upside of 12.71% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, UBS Group dropped their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, CVR Energy presently has an average rating of “Reduce” and an average price target of $26.50.

CVR Energy Trading Up 0.1 %

Shares of CVI stock traded up $0.03 during mid-day trading on Monday, hitting $22.18. The company’s stock had a trading volume of 82,848 shares, compared to its average volume of 1,015,464. The company has a market cap of $2.23 billion, a PE ratio of 3.40 and a beta of 1.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. The company’s fifty day simple moving average is $24.93 and its 200-day simple moving average is $28.92. CVR Energy has a 52 week low of $21.05 and a 52 week high of $38.07.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. The business’s revenue was down 12.0% on a year-over-year basis. As a group, equities research analysts expect that CVR Energy will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Several institutional investors have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC boosted its holdings in shares of CVR Energy by 156.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 32,275 shares of the oil and gas company’s stock worth $864,000 after purchasing an additional 19,675 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of CVR Energy by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 36,562 shares of the oil and gas company’s stock valued at $979,000 after buying an additional 2,451 shares during the period. Millennium Management LLC bought a new position in shares of CVR Energy during the second quarter valued at approximately $2,889,000. AQR Capital Management LLC increased its position in CVR Energy by 223.6% during the 2nd quarter. AQR Capital Management LLC now owns 53,258 shares of the oil and gas company’s stock valued at $1,426,000 after purchasing an additional 36,802 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of CVR Energy by 10.7% in the 2nd quarter. Squarepoint Ops LLC now owns 131,502 shares of the oil and gas company’s stock worth $3,520,000 after purchasing an additional 12,750 shares during the period. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

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.