CVR Energy, Inc. (NYSE:CVI) Short Interest Update

CVR Energy, Inc. (NYSE:CVI) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,910,000 shares, a decrease of 5.2% from the August 15th total of 5,180,000 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 4.2 days.

Institutional Trading of CVR Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in CVR Energy during the fourth quarter valued at approximately $33,000. Headlands Technologies LLC lifted its position in shares of CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in CVR Energy in the first quarter valued at about $71,000. Covestor Ltd grew its position in CVR Energy by 45,560.0% in the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new position in CVR Energy during the fourth quarter worth about $89,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Up 2.9 %

Shares of NYSE:CVI opened at $24.62 on Friday. The business’s 50 day simple moving average is $24.87 and its 200 day simple moving average is $28.75. CVR Energy has a 1 year low of $21.05 and a 1 year high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93. The company has a market capitalization of $2.48 billion, a P/E ratio of 3.74 and a beta of 1.49.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $1.64 earnings per share. CVR Energy’s revenue was down 12.0% on a year-over-year basis. On average, research analysts anticipate that CVR Energy will post 0.55 EPS for the current fiscal year.

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.12%. The ex-dividend date was Monday, August 12th. CVR Energy’s payout ratio is presently 30.67%.

Analyst Upgrades and Downgrades

CVI has been the topic of a number of recent research reports. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Scotiabank boosted their price target on CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, July 31st. Mizuho cut their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $26.50.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.