CVR Energy (NYSE:CVI) Trading Up 5.9% – What’s Next?

CVR Energy Inc. (NYSE:CVI) traded up 5.9% during trading on Wednesday . The company traded as high as $30.00 and last traded at $30.3510. Approximately 62,830 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,211,043 shares. The stock had previously closed at $28.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank lifted their price target on CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $35.00 target price on shares of CVR Energy in a research note on Monday, June 29th. Zacks Research cut shares of CVR Energy from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of CVR Energy in a report on Friday, April 10th. They set a “sell” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, CVR Energy presently has a consensus rating of “Strong Sell” and a consensus price target of $30.25.

CVR Energy Stock Performance

The business has a 50-day moving average of $31.35 and a 200 day moving average of $28.49. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The company has a market cap of $3.13 billion, a PE ratio of -72.43 and a beta of 0.83.

CVR Energy (NYSE:CVI) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.58) earnings per share. Equities research analysts anticipate that CVR Energy Inc. will post -0.16 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. CVR Energy’s dividend payout ratio (DPR) is -93.02%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new stake in shares of CVR Energy in the third quarter worth $22,217,000. UBS Group AG lifted its stake in shares of CVR Energy by 32.2% during the 4th quarter. UBS Group AG now owns 850,042 shares of the oil and gas company’s stock valued at $21,625,000 after buying an additional 206,861 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of CVR Energy by 136.0% during the 4th quarter. GSA Capital Partners LLP now owns 51,991 shares of the oil and gas company’s stock valued at $1,323,000 after buying an additional 29,963 shares in the last quarter. Vanguard Group Inc. increased its stake in CVR Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,705,809 shares of the oil and gas company’s stock worth $94,276,000 after buying an additional 106,906 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in CVR Energy during the fourth quarter valued at about $1,068,000. 98.88% of the stock is currently owned by institutional investors.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.