12 Best Oil Refinery Stocks To Invest In According to Analysts

9. CVR Energy, Inc. (NYSE:CVI)

Stock Upside Potential: 11.37%

Headquartered in Texas, CVR Energy, Inc. (NYSE:CVI) is a diversified holding company, primarily engaged in the renewable fuels, petroleum refining, and marketing businesses, as well as in the nitrogen fertilizer manufacturing business through its interest in its subsidiary, CVR Partners, LP.

CVR Energy, Inc. (NYSE:CVI) had a tough end to the year due to reduced crack spreads and decreased throughputs, reporting a revenue of $1.95 billion in Q4 2024, down 11.58% YoY but still above analysts’ estimates by over $101 million. The company also came out with a quarterly loss of $0.13 per share versus market expectations of a loss of $0.61 per share. CVR reported an operating cash flow of $98 million in Q4 2024 and managed to enhance its liquidity by $408 million during the quarter through a Term Loan and the sale of its 50% interest in Midway Pipeline. The company declared a quarterly dividend of $1.75 per share earlier this week.

Shares of CVR Energy, Inc. (NYSE:CVI) have plunged by over 46% over the last year, but Wall Street still remains optimistic about it, putting it in our list of the Best Oil Refinery Stocks to Buy According to Analysts. The stock was held by 14 hedge funds in the Insider Monkey database at the end of Q4 2024, with Icahn Capital LP holding the largest stake of approx. 66.7 million shares valued at almost $1.25 million.