CVR Refining (CVRR) Upgraded to Strong-Buy at ValuEngine

CVR Refining (NYSE:CVRR) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, February 2nd.

A number of other brokerages have also weighed in on CVRR. Barclays restated a “hold” rating and issued a $17.00 price objective on shares of CVR Refining in a report on Wednesday, January 10th. Zacks Investment Research lowered shares of CVR Refining from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. UBS Group lowered CVR Refining from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $8.50 to $10.50 in a research note on Wednesday, November 15th. BidaskClub upgraded CVR Refining from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Finally, Tudor Pickering raised shares of CVR Refining from a “hold” rating to a “buy” rating in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong 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) opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.34. CVR Refining has a 12-month low of $6.70 and a 12-month high of $18.25. The company has a market capitalization of $2,110.68, a P/E ratio of 20.97 and a beta of 1.34.

Several large investors have recently modified their holdings of CVRR. Arrowstreet Capital Limited Partnership bought a new position in shares of CVR Refining during the second quarter valued at approximately $8,935,000. Acadian Asset Management LLC boosted its stake in shares of CVR Refining by 101.4% during 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 purchasing an additional 835,666 shares in the last quarter. Brightline Capital Management LLC bought a new position in shares of CVR Refining during the fourth quarter valued at approximately $13,240,000. JPMorgan Chase & Co. boosted its stake in shares of CVR Refining by 15,870.2% during the second quarter. JPMorgan Chase & Co. now owns 540,433 shares of the oil and gas company’s stock valued at $5,135,000 after purchasing an additional 537,049 shares in the last quarter. Finally, HAP Trading LLC bought a new position in shares of CVR Refining during the third quarter valued at approximately $4,140,000. 13.52% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for CVR Refining (NYSE:CVRR)

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