CVR Refining LP (NYSE:CVRR) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.90.
CVRR has been the subject of a number of analyst reports. Barclays restated a “hold” rating and set a $17.00 price objective on shares of CVR Refining in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of CVR Refining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Citigroup upped their price objective on shares of CVR Refining from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of CVR Refining from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded shares of CVR Refining from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th.
Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in CVR Refining by 150.4% during the 3rd quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock worth $1,758,000 after buying an additional 107,130 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of CVR Refining by 135.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 186,813 shares of the oil and gas company’s stock worth $1,840,000 after purchasing an additional 107,620 shares during the period. Brightline Capital Management LLC acquired a new position in shares of CVR Refining during the 4th quarter worth $13,240,000. HITE Hedge Asset Management LLC grew its stake in shares of CVR Refining by 22.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,276,154 shares of the oil and gas company’s stock worth $12,570,000 after purchasing an additional 232,347 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of CVR Refining by 73.9% during the 3rd quarter. GSA Capital Partners LLP now owns 80,430 shares of the oil and gas company’s stock worth $792,000 after purchasing an additional 34,171 shares during the period. Institutional investors own 13.59% of the company’s stock.
CVR Refining (NYSE:CVRR) traded down $0.55 during mid-day trading on Friday, reaching $14.40. 351,041 shares of the company traded hands, compared to its average volume of 572,149. CVR Refining has a 1 year low of $6.70 and a 1 year high of $18.25. The stock has a market cap of $2,206.62, a P/E ratio of 19.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86.
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About CVR Refining
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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