CVR Refining LP (NYSE:CVRR) Sentiment Report

June 14, 2018 - By Vivian Park

Sentiment for CVR Refining LP (NYSE:CVRR)

CVR Refining LP (NYSE:CVRR) institutional sentiment decreased to 0.69 in 2018 Q1. Its down -0.41, from 1.1 in 2017Q4. The ratio dived, as 22 funds increased and started new holdings, while 32 reduced and sold their stock positions in CVR Refining LP. The funds in our partner’s database now possess: 20.33 million shares, up from 18.84 million shares in 2017Q4. Also, the number of funds holding CVR Refining LP in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 18 Increased: 18 New Position: 4.

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company has market cap of $3.40 billion. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. It has a 38.29 P/E ratio. The firm also controls and operates logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 owned crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.5 million barrels of combined refined products and feedstocks storage capacity.

The stock increased 0.66% or $0.15 during the last trading session, reaching $23.05. About 462,745 shares traded. CVR Refining, LP (NYSE:CVRR) has risen 125.51% since June 14, 2017 and is uptrending. It has outperformed by 112.94% the S&P500.

Analysts await CVR Refining, LP (NYSE:CVRR) to report earnings on July, 26. They expect $0.55 EPS, up 523.08 % or $0.68 from last year’s $-0.13 per share. CVRR’s profit will be $81.18 million for 10.48 P/E if the $0.55 EPS becomes a reality. After $0.59 actual EPS reported by CVR Refining, LP for the previous quarter, Wall Street now forecasts -6.78 % negative EPS growth.

Hite Hedge Asset Management Llc holds 3.97% of its portfolio in CVR Refining, LP for 1.40 million shares. Valueworks Llc owns 150,000 shares or 1.49% of their US portfolio. Moreover, Icahn Carl C has 0.37% invested in the company for 5.75 million shares. The Massachusetts-based Acadian Asset Management Llc has invested 0.11% in the stock. Arete Wealth Advisors Llc, a Illinois-based fund reported 10,783 shares.

CVR Refining, LP (NYSE:CVRR) Ratings Coverage

Ratings analysis reveals 40% of CVR Refining’s analysts are positive. Out of 5 Wall Street analysts rating CVR Refining, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $14 while the high is $2500. The stock’s average target of $21.25 is -7.81% below today’s ($23.05) share price. CVRR was included in 7 notes of analysts from January 24, 2018. Credit Suisse maintained the shares of CVRR in report on Monday, April 30 with “Neutral” rating. The rating was downgraded by Citigroup to “Hold” on Wednesday, May 30. The firm earned “Buy” rating on Friday, May 18 by Tudor Pickering. Goldman Sachs upgraded CVR Refining, LP (NYSE:CVRR) on Monday, May 7 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, January 24 by Citigroup. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, April 27.

More news for CVR Refining, LP (NYSE:CVRR) were recently published by: Fool.com, which released: “Here’s Why CVR Energy Shares Dropped Over 12% Today” on May 29, 2018. Seekingalpha.com‘s article titled: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)” and published on May 25, 2018 is yet another important article.

CVR Refining, LP (NYSE:CVRR) Institutional Positions Chart

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