The stock of CVR Refining LP (NYSE:CVRR) is a huge mover today! About 270,847 shares traded hands. CVR Refining LP (NYSE:CVRR) has declined 27.71% since April 18, 2016 and is downtrending. It has underperformed by 32.14% the S&P500.
The move comes after 8 months positive chart setup for the $1.32B company. It was reported on Nov, 18 by Barchart.com. We have $14.46 PT which if reached, will make NYSE:CVRR worth $897.60 million more.
CVR Refining LP (NYSE:CVRR) Ratings Coverage
Out of 9 analysts covering CVR Refining LP (NYSE:CVRR), 1 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 11% are positive. CVR Refining LP has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, November 10 by Credit Suisse. The stock has “Overweight” rating given by Barclays Capital on Tuesday, August 2. The stock of CVR Refining LP (NYSE:CVRR) has “Neutral” rating given on Wednesday, October 21 by Citigroup. Piper Jaffray maintained the stock with “Underweight” rating in Monday, August 22 report. Piper Jaffray maintained CVR Refining LP (NYSE:CVRR) on Friday, September 16 with “Underweight” rating. The stock of CVR Refining LP (NYSE:CVRR) has “Overweight” rating given on Tuesday, January 12 by Barclays Capital. JP Morgan upgraded the stock to “Neutral” rating in Friday, October 28 report. The firm has “Neutral” rating by Credit Suisse given on Monday, April 11. The stock of CVR Refining LP (NYSE:CVRR) has “Underweight” rating given on Friday, July 1 by Piper Jaffray. The firm has “Neutral” rating by Credit Suisse given on Friday, February 19.
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 increased to 0.68 in Q2 2016. Its up 0.32, from 0.36 in 2016Q1. The ratio improved, 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.
Lpl Llc accumulated 0% or 45,717 shares. Indexiq Advsr Ltd Company holds 0% or 5,563 shares in its portfolio. Millennium Management Limited Liability Company has 493,360 shares for 0.01% of their US portfolio. Moreover, Arrow Inv Limited Liability Corporation has 0.09% invested in CVR Refining LP (NYSE:CVRR) for 52,641 shares. Goldman Sachs Group holds 0% of its portfolio in CVR Refining LP (NYSE:CVRR) for 1.07 million shares. Prudential Finance holds 14,060 shares or 0% of its portfolio. Yorkville Capital Mngmt Limited Liability Corporation holds 0.22% of its portfolio in CVR Refining LP (NYSE:CVRR) for 26,132 shares. Morgan Stanley holds 811,534 shares or 0% of its portfolio. Invesco last reported 182,056 shares in the company. Livingston Gru Asset Mngmt (Operating As Southport Management) reported 14,245 shares or 0.06% of all its holdings. Moreover, Deutsche Bancorp Ag has 0% invested in CVR Refining LP (NYSE:CVRR) for 392,502 shares. Tfs Cap Limited Liability has 13,015 shares for 0.02% of their US portfolio. Kistler holds 0% or 1,000 shares in its portfolio. The New York-based Art Advsrs Ltd has invested 0.01% in CVR Refining LP (NYSE:CVRR). Moreover, State Bank Of Montreal Can has 0% invested in CVR Refining LP (NYSE:CVRR) for 112,000 shares.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 insider sale for $1.42 million net activity. The insider ICAHN CARL C sold $1.42M.
More news for CVR Refining LP (NYSE:CVRR) were recently published by: Fool.com, which released: “Shares of CVR Refining LP Slid 15% in January, Here’s Why” on February 03, 2016. Prnewswire.com‘s article titled: “CVR Refining Reports 2016 Third Quarter Results” and published on October 27, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.