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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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