CVR Energy, Inc. (NYSE:CVI) hit a new 52-week low on Wednesday . The stock traded as low as $13.05 and last traded at $13.24, with a volume of 1739 shares changing hands. The stock had previously closed at $13.29.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on CVR Energy from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, September 11th. ValuEngine cut CVR Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th. Citigroup raised their price objective on CVR Energy from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Scotiabank decreased their price objective on CVR Energy from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. CVR Energy has a consensus rating of “Hold” and an average price target of $17.40.
The company has a quick ratio of 2.73, a current ratio of 3.41 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1.38 billion, a P/E ratio of 18.99 and a beta of 1.84. The business has a fifty day moving average of $17.28 and a 200 day moving average of $19.62.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas company reported ($0.44) EPS for the quarter. CVR Energy had a return on equity of 7.01% and a net margin of 1.42%. The business had revenue of $675.00 million for the quarter. Research analysts expect that CVR Energy, Inc. will post -1.75 EPS for the current year.
A number of institutional investors have recently bought and sold shares of CVI. Geode Capital Management LLC raised its position in shares of CVR Energy by 4.1% in the first quarter. Geode Capital Management LLC now owns 397,016 shares of the oil and gas company’s stock valued at $6,562,000 after buying an additional 15,495 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in CVR Energy by 91.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 433,610 shares of the oil and gas company’s stock worth $7,168,000 after purchasing an additional 206,665 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of CVR Energy by 28.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 50,956 shares of the oil and gas company’s stock valued at $1,025,000 after buying an additional 11,337 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CVR Energy by 57.8% during the 1st quarter. Alliancebernstein L.P. now owns 175,334 shares of the oil and gas company’s stock valued at $2,898,000 after buying an additional 64,224 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of CVR Energy by 55.7% during the 1st quarter. Jane Street Group LLC now owns 19,186 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 6,865 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.
CVR Energy Company Profile (NYSE:CVI)
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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