Here is What Institutional Investors Think About CVR Refining LP (NYSE:CVRR)

November 15, 2017 - By Jacob Falcon

 Here is What Institutional Investors Think About CVR Refining LP (NYSE:CVRR)

Sentiment for CVR Refining LP (NYSE:CVRR)

CVR Refining LP (NYSE:CVRR) institutional sentiment decreased to 1 in 2017 Q2. Its down -0.13, from 1.13 in 2017Q1. The ratio fall, as 34 funds increased or started new equity positions, while 34 cut down and sold their positions in CVR Refining LP. The funds in our partner’s database now have: 15.76 million shares, up from 14.37 million shares in 2017Q1. Also, the number of funds holding CVR Refining LP in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 22 Increased: 16 New Position: 18.

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 has market cap of $1.76 billion. The Firm is a petroleum refiner. It has a 16.4 P/E ratio. 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 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.

It closed at $11.9 lastly. It is down 2.95% since November 15, 2016 and is downtrending. It has underperformed by 19.65% the S&P500.

Investors wait CVR Refining LP (NYSE:CVRR) to report on February, 15. its quarterly earnings Wall Street analysts expect $0.43 earnings per share, up $0.50 or 714.29 % from last year’s $-0.07 same quarter earnings. This translates into $63.60M profit for CVRR giving the stock a 6.92 P/E. This is assuming the current $0.43 EPS is accurate. CVR Refining LP’s Wall Street analysts see -8.51 % negative EPS growth, taking into account the $0.47 EPS reproted in the previous quarter,

Hite Hedge Asset Management Llc holds 3.32% of its portfolio in CVR Refining LP for 1.04 million shares. Valueworks Llc owns 150,000 shares or 1.07% of their US portfolio. Moreover, Numina Capital Management Llc has 0.5% invested in the company for 317,733 shares. The Texas-based U S Global Investors Inc has invested 0.35% in the stock. Icahn Carl C, a New York-based fund reported 5.75 million shares.#img1#

CVR Refining LP (NYSE:CVRR) Ratings Coverage

Ratings analysis reveals 10% of CVR Refining LP’s analysts are positive. Out of 10 Wall Street analysts rating CVR Refining LP, 1 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $5 while the high is $27. The stock’s average target of $12.21 is 2.61% above today’s ($11.9) share price. CVRR was included in 32 notes of analysts from July 24, 2015. Citigroup maintained the shares of CVRR in report on Wednesday, October 18 with “Neutral” rating. The firm has “Underweight” rating given on Friday, September 16 by Piper Jaffray. The stock has “Neutral” rating by Credit Suisse on Thursday, November 10. The rating was maintained by Barclays Capital on Thursday, November 2 with “Underweight”. The firm earned “Underweight” rating on Monday, August 22 by Piper Jaffray. The stock of CVR Refining LP (NYSE:CVRR) earned “Neutral” rating by Credit Suisse on Tuesday, June 20. The stock of CVR Refining LP (NYSE:CVRR) earned “Neutral” rating by UBS on Thursday, May 19. The rating was upgraded by PiperJaffray to “Neutral” on Friday, November 18. The firm has “Overweight” rating given on Monday, October 12 by Barclays Capital. The rating was maintained by Citigroup on Monday, July 17 with “Neutral”.

More notable recent CVR Refining LP (NYSE:CVRR) news were published by: Seekingalpha.com which released: “CVR Refining Earnings Forecast For Q3 2017” on October 26, 2017, also Seekingalpha.com with their article: “CVR Refining’s (CVRR) CEO Jack Lipinski on Q3 2017 Results – Earnings Call …” published on November 01, 2017, Prnewswire.com published: “CVR Refining Announces 2017 Third Quarter Earnings Call” on October 18, 2017. More interesting news about CVR Refining LP (NYSE:CVRR) were released by: Seekingalpha.com and their article: “CVR Refining: So, About That Cash Reserve” published on August 14, 2017 as well as Seekingalpha.com‘s news article titled: “CVR Refining, LP’s (CVRR) CEO John Lipinski on Q1 2017 Results – Earnings Call …” with publication date: April 27, 2017.

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.