Analysts at StockNews.com were the first to cover CVR Energy in a research report published and made available to the public on Thursday (NYSE: CVI).
The company has given the stock of the oil and gas company a “buy” recommendation as the corporation’s official stance on the matter.
At the opening of the New York Stock Exchange (NYSE) on Thursday, the price of CVI was $28.31.
The moving average for the company over the past 50 days is $32.40, and the moving average for the past 200 days is $33.52.
During the previous year, CVR Energy shares traded for as little as $20.36 per share, while their highest price was $43.61.
The company has a price-to-earnings ratio of 6.15, a beta of 1.49, and a market capitalization of $2.85 billion.
The current ratio is 1.11, the quick ratio is 0.67, and the debt-to-equity ratio is 2.00.
In addition, the quick ratio is 0.67.
Separately, on March 8, the UBS Group issued a research note announcing it would begin covering CVR Energy.
They concluded that assigning the stock a “neutral” rating was appropriate, and they decided that the share price should be targeted at $36.00.
Several hedge funds and other institutional investors recently changed their CVI shareholdings.
During the first three months of the year, HighTower Advisors LLC provided CVR Energy with a contribution of $255,000.
During the first three months of 2018, Mitsubishi UFJ Trust & Banking Corporation spent $79,000 to acquire a stake in CVR Energy.
During the first quarter, MetLife Investment Management LLC increased the number of shares of CVR Energy that are owned by a factor of 16.0%.
As a result of the purchase of an additional 2,162 shares during the period in question, MetLife Investment Management LLC now has a total of 15,688 shares of the oil and gas business.
These shares have a value of $401,000.
During the first three months of 2018, Rhumbline Advisers made a 6.9% purchase of additional CVR Energy stock, bringing the company’s stock ownership to 100%. Rhumbline Advisers now holds 45,196 of the oil and gas company’s stock following the acquisition of an additional 2,915 shares during the most recent trading session. When added together, the value of these 45,196 shares equals a total of $1,154,000.
And finally, during the first quarter, BlackRock INC increased its holdings in CVR Energy by 0.7%, bringing its total holdings to a total of 1.1%.
BlackRock INC now owns 2,522,277 shares of the oil and gas company’s stock, which has a value of $64,420,000 after purchasing an additional 17,656 shares of the company’s stock during the most recent period.
These shares were purchased during the most recent period.
Institutional investors and hedge funds collectively own 95.51% of the total number of shares in the company, making up the majority of the shareholders.
In addition to performing the functions associated with holding companies, the corporation known as CVR Energy, INC is also involved in the trade of selling refined petroleum products.
The two primary focuses of the company’s operations are the manufacturing of nitrogen fertilizer and the extraction of petroleum.
The refining and marketing of high-value transportation fuels fall under the purview of the company’s petroleum division.
The distribution of products made up of UAN, and ammonia is primarily the responsibility of the market for nitrogen fertilizers.
