The stock of CVR Energy, Inc. (NYSE:CVI) is a huge mover today! About 437,144 shares traded hands. CVR Energy, Inc. (NYSE:CVI) has declined 43.75% since March 7, 2016 and is downtrending. It has underperformed by 51.34% the S&P500.
The move comes after 5 months positive chart setup for the $1.29 billion company. It was reported on Oct, 10 by Barchart.com. We have $24.70 PT which if reached, will make NYSE:CVI worth $825.60M more.
Analysts await CVR Energy, Inc. (NYSE:CVI) to report earnings on November, 3.
CVR Energy, Inc. (NYSE:CVI) Ratings Coverage
Out of 2 analysts covering CVR Energy (NYSE:CVI), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. CVR Energy has been the topic of 4 analyst reports since January 26, 2016 according to StockzIntelligence Inc. Goldman Sachs upgraded CVR Energy, Inc. (NYSE:CVI) on Friday, September 9 to “Neutral” rating. The rating was maintained by Piper Jaffray with “Underweight” on Monday, August 22. The firm has “Underweight” rating given on Friday, September 16 by Piper Jaffray.
According to Zacks Investment Research, “Headquartered in Sugar Land, Texas, CVR ENERGY, INC. is an independent refiner and marketer of high value transportation fuels and, through a limited partnership, a producer of ammonia and urea ammonia nitrate fertilizers. CVR Energy’s petroleum business includes full-coking sour crude refinery in Coffeyville, Kan. In addition, CVR Energy’s supporting businesses include a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska; storage and terminal facilities for asphalt and refined fuels in Phillipsburg, Kan.; and a rack marketing division supplying product to customers through tanker trucks and at throughput terminals.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.32, from 1.07 in 2016Q1. The ratio improved, as 28 funds sold all CVR Energy, Inc. shares owned while 34 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 85.98 million shares or 2.92% less from 88.57 million shares in 2016Q1.
Zebra Cap Mgmt Limited Com has invested 0.21% of its portfolio in CVR Energy, Inc. (NYSE:CVI). Barclays Pcl, a United Kingdom-based fund reported 22,497 shares. Legal General Grp Inc Public Limited Company holds 8,542 shares or 0% of its portfolio. Tfs Cap Ltd Llc reported 71,217 shares or 0.2% of all its holdings. Princeton Alpha Management Lp, a New Jersey-based fund reported 10,519 shares. Swiss Commercial Bank owns 28,500 shares or 0% of their US portfolio. Jpmorgan Chase & Co last reported 0% of its portfolio in the stock. Rhumbline Advisers has 0% invested in the company for 18,843 shares. The Massachusetts-based Putnam Invs Limited Liability Com has invested 0% in CVR Energy, Inc. (NYSE:CVI). Quantbot Ltd Partnership holds 7,627 shares or 0.01% of its portfolio. Leucadia Natl Corporation has invested 0.12% of its portfolio in CVR Energy, Inc. (NYSE:CVI). Sei Investments owns 36 shares or 0% of their US portfolio. Pacad Invest Limited last reported 8,400 shares in the company. Ahl Prtn Llp holds 0.03% or 35,626 shares in its portfolio. Fmr Limited Liability Corp reported 240,764 shares or 0% of all its holdings.
More notable recent CVR Energy, Inc. (NYSE:CVI) news were published by: Fool.com which released: “How Safe Is CVR Energy, Inc. Stock?” on April 06, 2016, also Bloomberg.com with their article: “Delek Surges on Report CVR Energy Prepares Refiner Takeover” published on August 12, 2016, Fool.com published: “The Biggest Problem With CVR Energy, Inc. Stock” on March 22, 2016. More interesting news about CVR Energy, Inc. (NYSE:CVI) were released by: Prnewswire.com and their article: “CVR Energy Reports 2016 Second Quarter Results And Announces Cash Dividend of …” published on July 28, 2016 as well as Forbes.com‘s news article titled: “CVR Energy Becomes Oversold” with publication date: December 16, 2015.
CVI Company Profile
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Firm engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business divisions: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. The Company’s Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
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