Mizuho Boosts CVR Energy (NYSE:CVI) Price Target to $25.00

CVR Energy (NYSE:CVI) had its price target increased by Mizuho from $21.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would suggest a potential upside of 6.97% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. The Goldman Sachs Group lowered their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a research note on Monday, May 5th. Six analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, CVR Energy presently has a consensus rating of “Reduce” and an average price target of $23.00.

CVR Energy Stock Performance

NYSE:CVI opened at $23.37 on Tuesday. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $30.44. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.86 and a current ratio of 1.66. The company has a 50 day moving average price of $19.21 and a 200 day moving average price of $19.05. The stock has a market capitalization of $2.35 billion, a P/E ratio of 389.56 and a beta of 1.02.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.32. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue was down 11.6% compared to the same quarter last year. Equities research analysts forecast that CVR Energy will post -0.12 EPS for the current year.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 206,571 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $17.79 per share, with a total value of $3,674,898.09. Following the completion of the transaction, the insider now owns 67,780,774 shares in the company, valued at $1,205,819,969.46. This represents a 0.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 1,641,760 shares of company stock valued at $28,641,557 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of CVR Energy

Several hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 646 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CVR Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock valued at $364,000 after acquiring an additional 683 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 731 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of CVR Energy by 2.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company’s stock worth $615,000 after acquiring an additional 759 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CVR Energy by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock worth $1,130,000 after purchasing an additional 1,035 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.