CVR Energy (NYSE:CVI) Stock Rating Lowered by Tudor Pickering

Tudor Pickering cut shares of CVR Energy (NYSE:CVI) from a hold rating to a sell rating in a report issued on Tuesday morning, Briefing.com Automated Import reports.

A number of other equities analysts have also commented on CVI. Goldman Sachs Group lowered shares of CVR Energy from a neutral rating to a sell rating and set a $48.00 price target on the stock. in a research report on Monday, July 29th. Citigroup lowered shares of CVR Energy from a buy rating to a neutral rating and set a $48.00 price target on the stock. in a research report on Friday, June 21st. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of Hold and an average target price of $44.20.

NYSE:CVI opened at $49.30 on Tuesday. CVR Energy has a 12 month low of $30.46 and a 12 month high of $55.52. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 13.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.59 and a current ratio of 2.40. The company has a 50 day moving average price of $51.14.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. CVR Energy had a net margin of 5.68% and a return on equity of 21.99%. The company had revenue of $1.69 billion for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Friday, August 2nd.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in CVR Energy by 8.9% during the fourth quarter. BlackRock Inc. now owns 1,554,503 shares of the oil and gas company’s stock worth $53,598,000 after acquiring an additional 127,001 shares during the period. Dimensional Fund Advisors LP increased its position in CVR Energy by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,023,697 shares of the oil and gas company’s stock worth $35,295,000 after acquiring an additional 11,483 shares during the period. JPMorgan Chase & Co. increased its position in CVR Energy by 271.2% during the first quarter. JPMorgan Chase & Co. now owns 855,304 shares of the oil and gas company’s stock worth $35,239,000 after acquiring an additional 624,881 shares during the period. American Century Companies Inc. bought a new position in CVR Energy during the fourth quarter worth $24,087,000. Finally, Norges Bank bought a new position in CVR Energy during the fourth quarter worth $17,221,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Company Profile

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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Analyst Recommendations for CVR Energy (NYSE:CVI)

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