CVR Refining (CVRR) Stock Rating Reaffirmed by Barclays

CVR Refining (NYSE:CVRR)‘s stock had its “hold” rating reiterated by stock analysts at Barclays in a report issued on Wednesday, January 10th. They currently have a $17.00 price target on the oil and gas company’s stock. Barclays’ price objective would indicate a potential upside of 1.49% from the stock’s previous close.

Several other brokerages have also recently commented on CVRR. Zacks Investment Research raised CVR Refining from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, October 4th. BidaskClub raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. UBS Group cut CVR Refining from a “neutral” rating to a “sell” rating and increased their price target for the company from $8.50 to $10.50 in a research report on Wednesday, November 15th. Finally, Tudor Pickering raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. CVR Refining currently has an average rating of “Hold” and a consensus price target of $12.58.

Shares of CVR Refining (NYSE:CVRR) remained flat at $$16.75 during midday trading on Wednesday. 483,829 shares of the company were exchanged, compared to its average volume of 604,894. CVR Refining has a 12 month low of $6.70 and a 12 month high of $18.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.34. The stock has a market capitalization of $2,470.00, a price-to-earnings ratio of 22.95 and a beta of 1.37.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of CVR Refining by 101.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,659,956 shares of the oil and gas company’s stock valued at $27,472,000 after buying an additional 835,666 shares during the last quarter. Bank of Montreal Can lifted its position in shares of CVR Refining by 14.2% in the fourth quarter. Bank of Montreal Can now owns 46,489 shares of the oil and gas company’s stock valued at $769,000 after buying an additional 5,789 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of CVR Refining by 73.9% in the third quarter. GSA Capital Partners LLP now owns 80,430 shares of the oil and gas company’s stock valued at $792,000 after buying an additional 34,171 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Refining in the third quarter valued at approximately $185,000. Finally, Wells Fargo & Company MN lifted its position in shares of CVR Refining by 150.4% in the third quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock valued at $1,758,000 after buying an additional 107,130 shares during the last quarter. 13.33% of the stock is owned by institutional investors.

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CVR Refining Company Profile

CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.

Analyst Recommendations for CVR Refining (NYSE:CVRR)

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