The stock of CVR Refining LP (NYSE:CVRR) is a huge mover today! About 316,772 shares traded hands. CVR Refining LP (NYSE:CVRR) has declined 13.32% since March 2, 2016 and is downtrending. It has underperformed by 21.58% the S&P500.
The move comes after 6 months positive chart setup for the $1.40 billion company. It was reported on Oct, 5 by Barchart.com. We have $14.48 PT which if reached, will make NYSE:CVRR worth $784.00M more.
Analysts await CVR Refining LP (NYSE:CVRR) to report earnings on November, 3. They expect $0.26 EPS, down 72.34% or $0.68 from last year’s $0.94 per share. CVRR’s profit will be $39.22 million for 8.92 P/E if the $0.26 EPS becomes a reality. After $0.53 actual EPS reported by CVR Refining LP for the previous quarter, Wall Street now forecasts -50.94% negative EPS growth.
CVR Refining LP (NYSE:CVRR) Ratings Coverage
Out of 8 analysts covering CVR Refining LP (NYSE:CVRR), 1 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 13% are positive. CVR Refining LP has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, January 12 by Barclays Capital. Piper Jaffray maintained the stock with “Underweight” rating in Friday, September 16 report. Credit Suisse maintained CVR Refining LP (NYSE:CVRR) rating on Monday, April 11. Credit Suisse has “Neutral” rating and $12 price target. The rating was downgraded by Citigroup to “Neutral” on Wednesday, October 21. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 14 report. The stock has “Overweight” rating given by Barclays Capital on Monday, October 12. Barclays Capital maintained the shares of CVRR in a report on Tuesday, August 2 with “Overweight” rating. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, January 26. The company was initiated on Friday, July 24 by Macquarie Research. The stock of CVR Refining LP (NYSE:CVRR) earned “Underweight” rating by Piper Jaffray on Monday, August 22.
According to Zacks Investment Research, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.36 in 2016 Q2. Its down 0.57, from 0.93 in 2016Q1. The ratio dived, as 21 funds sold all CVR Refining LP shares owned while 26 reduced positions. 4 funds bought stakes while 13 increased positions. They now own 14.58 million shares or 15.80% less from 17.31 million shares in 2016Q1.
Bank Of New York Mellon Corporation has 222,000 shares for 0% of their US portfolio. Arrow Invest Advsrs Limited Company reported 52,641 shares or 0.09% of all its holdings. Groesbeck Investment Nj holds 0.6% of its portfolio in CVR Refining LP (NYSE:CVRR) for 106,900 shares. The New York-based Renaissance Technologies Ltd Liability has invested 0.01% in CVR Refining LP (NYSE:CVRR). Horizon Kinetics Limited Com, a New York-based fund reported 10,204 shares. Ladenburg Thalmann Finance has invested 0% of its portfolio in CVR Refining LP (NYSE:CVRR). Moreover, Icahn Carl C has 0.23% invested in CVR Refining LP (NYSE:CVRR) for 6.00 million shares. The Illinois-based Envestnet Asset Mgmt Incorporated has invested 0% in CVR Refining LP (NYSE:CVRR). Jnba Fincl Advisors accumulated 0% or 500 shares. Indexiq Advsr Lc accumulated 5,563 shares or 0% of the stock. Goldman Sachs holds 0% of its portfolio in CVR Refining LP (NYSE:CVRR) for 1.07 million shares. Advisory Svcs Network Limited Company holds 0% or 700 shares in its portfolio. Stifel last reported 26,841 shares in the company. Eqis holds 0.01% or 10,125 shares in its portfolio. Spot Trading Lc reported 19,477 shares or 0% of all its holdings.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 sale for $1.42 million net activity. 250,000 shares with value of $1.42 million were sold by ICAHN CARL C on Tuesday, August 2.
More news for CVR Refining LP (NYSE:CVRR) were recently published by: Prnewswire.com, which released: “CVR Refining Reports 2016 Second Quarter Results” on July 28, 2016. Fool.com‘s article titled: “Shares of CVR Refining LP Slid 15% in January, Here’s Why” and published on February 03, 2016 is yet another important article.
CVRR Company Profile
CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership. The Firm has refining and related logistics assets that operate in the mid-continent region. The Firm is a petroleum refiner and it owns approximately two refineries in the underserved Group 3 of the PADD II region of the United States. The Firm owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas with a capacity of approximately 115,000 barrels per calendar day (bpcd) and a crude oil refinery in Wynnewood, Oklahoma with a capacity of over 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oils. The Firm also controls and operates supporting logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 crude oil transports; a network of crude oil gathering tank farms; over 7.0 million barrels of owned and leased crude oil storage capacity, and approximately 4.5 million barrels of combined refinery related storage capacity. The Firm processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Firm offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.
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