Institutional Investors Lead Shift in CVR Refining LP (NYSE:CVRR) Sentiment

July 27, 2018 - By Catherine Diaz

Sentiment for CVR Refining LP (NYSE:CVRR)

CVR Refining LP (NYSE:CVRR) institutional sentiment decreased to 0.69 in Q1 2018. Its down -0.41, from 1.1 in 2017Q4. The ratio has worsened, as 22 investment professionals opened new and increased equity positions, while 32 decreased and sold their holdings in CVR Refining LP. The investment professionals in our partner’s database reported: 20.33 million shares, up from 18.84 million shares in 2017Q4. Also, the number of investment professionals holding CVR Refining LP in their top 10 equity positions 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 $3.62 billion. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. It has a 21.45 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 4.70% or $1.1 during the last trading session, reaching $24.5. About 1.78M shares traded or 85.64% up from the average. CVR Refining, LP (NYSE:CVRR) has risen 125.51% since July 27, 2017 and is uptrending. It has outperformed by 112.94% the S&P500.

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 -13.27% below today’s ($24.5) share price. CVRR was included in 6 notes of analysts from April 10, 2018. The rating was upgraded by Tudor Pickering to “Buy” on Friday, May 18. The stock of CVR Refining, LP (NYSE:CVRR) earned “Equal-Weight” rating by Barclays Capital on Friday, April 27. Goldman Sachs upgraded CVR Refining, LP (NYSE:CVRR) rating on Monday, May 7. Goldman Sachs has “Buy” rating and $2500 target. Credit Suisse maintained the stock with “Neutral” rating in Monday, April 30 report. The stock of CVR Refining, LP (NYSE:CVRR) has “Hold” rating given on Wednesday, May 30 by Citigroup.

More important recent CVR Refining, LP (NYSE:CVRR) news were published by: Globenewswire.com which released: “CVR Refining to Release 2018 Second Quarter Earnings” on July 12, 2018, also Seekingalpha.com published article titled: “Update On CVR Refining Ahead Of Q2 Earnings”, Bizjournals.com published: “Sugar Land-based refiner CVR Energy names new general counsel amid corporate consolidation” on July 02, 2018. More interesting news about CVR Refining, LP (NYSE:CVRR) was released by: Seekingalpha.com and their article: “Oil refiners lose friend in Pruitt, biofuel groups say good riddance” with publication date: July 06, 2018.

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

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