Notable Runner: What’s in CVR Energy, Inc. After Today’s Big Increase?

Notable Runner: What's in CVR Energy, Inc. After Today's Big Increase?

The stock of CVR Energy, Inc. (NYSE:CVI) is a huge mover today! About 257,084 shares traded hands. CVR Energy, Inc. (NYSE:CVI) has declined 42.97% since March 15, 2016 and is downtrending. It has underperformed by 48.45% the S&P500.
The move comes after 8 months positive chart setup for the $1.24B company. It was reported on Oct, 18 by Barchart.com. We have $20.08 PT which if reached, will make NYSE:CVI worth $471.20 million 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”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. CVR Energy has been the topic of 5 analyst reports since January 26, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 9 by Goldman Sachs. The firm has “Underweight” rating by Piper Jaffray given on Monday, August 22. The rating was upgraded by Piper Jaffray on Monday, October 10 to “Neutral”. The rating was maintained by Piper Jaffray on Friday, September 16 with “Underweight”.

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 is positive, 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.
Goldman Sachs Inc holds 0% of its portfolio in CVR Energy, Inc. (NYSE:CVI) for 311,159 shares. Hbk Invs Lp last reported 0.01% of its portfolio in the stock. Barclays Public Limited Co accumulated 22,497 shares or 0% of the stock. Elkhorn Prtnrs Limited Partnership accumulated 16,000 shares or 0.16% of the stock. Old Mutual Glob (Uk) Limited accumulated 0.01% or 31,618 shares. Groesbeck Management Nj has 50,000 shares for 0.57% of their US portfolio. Cornerstone Capital Limited Co last reported 11,200 shares in the company. Vantage Investment Prns Ltd Co accumulated 95,887 shares or 0.16% of the stock. Icahn Carl C holds 71.20M shares or 5.44% of its portfolio. Swiss State Bank last reported 0% of its portfolio in the stock. Manufacturers Life Insur The reported 10,273 shares or 0% of all its holdings. Airain Limited holds 12,416 shares or 0.01% of its portfolio. Vanguard Gru, a Pennsylvania-based fund reported 1.58M shares. Acadian Asset Mgmt Ltd Company holds 434 shares or 0% of its portfolio. Us National Bank & Trust De holds 0% or 208 shares in its portfolio.

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 Fool.com with their article: “The Biggest Problem With CVR Energy, Inc. Stock” published on March 22, 2016, Bloomberg.com published: “Delek Surges on Report CVR Energy Prepares Refiner Takeover” on August 12, 2016. More interesting news about CVR Energy, Inc. (NYSE:CVI) were released by: Forbes.com and their article: “CVR Energy Becomes Oversold” published on December 16, 2015 as well as Prnewswire.com‘s news article titled: “CVR Energy Reports 2016 Second Quarter Results And Announces Cash Dividend of …” with publication date: July 28, 2016.

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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