CVR Refining (NYSE:CVRR) Change of Rating
CVR Refining (NYSE:CVRR)’s Underweight rating is no longer valid. The firm rating was upped by equity research analysts at Barclays to Equal Weight. They have a price target of $14.0 on CVRR.
In spite of the stock upgrade NYSE:CVRR is at the moment trading 0.00% lower at $11.85 as of 4:03 AM New York time. CVR Refining’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has risen 6.00% over the same time period.
Out of 7 brokers covering CVR Refining, 1 rate it a Buy, 6 indicate a Hold while 2 suggest a Sell. The highest target is $15 and the lowest is $7 according to Thomson/First Call. The 12-month mean target is $11.14, which means downside potential of 5.99% over the current price.
Icahn Carl C had the largest stake with ownership of 5.75M shares as of Q2 2015 for 0.25% of the US long stock exposure. Strategic Global Advisors Llc is another quite bullish investment manager who is possessing 76,385 shares of CVR Refining or 0.22% of their US long stock exposure. Moreover, Arrow Investment Advisors Llc have 0.18% of their US long stock exposure invested in the company for 88,129 shares. The Florida-based fund Lyons Wealth Management Llc. revealed it had purchased so far a stake worth about 0.13% of the investment manager’s stock portfolio in CVR Refining. The Illinois-based fund First Trust Advisors Lp is also positive about the stock, possessing 10,758 shares or 0.12% of their US long stock exposure.
CVR Refining (NYSE:CVRR) Profile
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
CVR Refining (NYSE:CVRR) closed at $11.85 yesterday. A total of 244,757 shares of the company’s stock traded hands. This is down from average of 559,697 shares. CVR Refining has a 52 week low of $6.70 and a 52 week high of $13.21. The company has a market cap of $1.75B and a P/E ratio of 16.33.
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