CVR Refining, LP (CVRR) Reaches New 12-Month High at $12.63

CVR Refining, LP (NYSE:CVRR)’s share price reached a new 52-week high on Wednesday . The company traded as high as $12.63 and last traded at $0.00, with a volume of shares traded.

CVRR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, October 4th. BidaskClub lowered shares of CVR Refining, from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. ValuEngine upgraded shares of CVR Refining, from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 7th. Tudor Pickering upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Citigroup Inc. boosted their price target on shares of CVR Refining, from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.00.

Several hedge funds and other institutional investors have recently modified their holdings of CVRR. Wells Fargo & Company MN grew its holdings in shares of CVR Refining, by 17.7% during the first quarter. Wells Fargo & Company MN now owns 75,257 shares of the oil and gas company’s stock worth $711,000 after buying an additional 11,343 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of CVR Refining, by 13.5% during the first quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock worth $301,000 after buying an additional 3,716 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of CVR Refining, during the first quarter worth about $112,000. Wellington Management Group LLP purchased a new stake in shares of CVR Refining, during the first quarter worth about $2,745,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of CVR Refining, by 10.8% during the first quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock worth $195,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

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CVR Refining, Company 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.

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