CVR Energy Inc. (CVI) Sets New 12-Month Low at $13.52
Shares of CVR Energy Inc. (NYSE:CVI) hit a new 52-week low during trading on Monday . The company traded as low as $13.52 and last traded at $13.53, with a volume of 415,431 shares traded. The stock had previously closed at $13.97.
A number of analysts recently commented on CVI shares. Simmons lowered their price objective on CVR Energy from $20.00 to $17.00 in a research report on Tuesday, April 12th. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of CVR Energy in a research report on Wednesday, April 27th.
The company has a market capitalization of $1.19 billion and a P/E ratio of 12.12. The stock has a 50-day moving average of $16.43 and a 200-day moving average of $23.83.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.11. The business had revenue of $905.50 million for the quarter, compared to the consensus estimate of $806.09 million. The business’s revenue was down 34.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. Equities research analysts predict that CVR Energy Inc. will post ($0.21) earnings per share for the current fiscal year.
A number of hedge funds have modified their holdings of CVI. Schroder Investment Management Group raised its stake in shares of CVR Energy by 2,013.3% in the fourth quarter. Schroder Investment Management Group now owns 397,300 shares of the company’s stock worth $15,634,000 after buying an additional 378,500 shares during the period. First Trust Advisors LP acquired a new stake in shares of CVR Energy during the fourth quarter worth approximately $2,224,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of CVR Energy by 74.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 34,100 shares of the company’s stock worth $1,342,000 after buying an additional 14,600 shares during the period. California Public Employees Retirement System raised its stake in shares of CVR Energy by 9.3% in the fourth quarter. California Public Employees Retirement System now owns 120,500 shares of the company’s stock worth $4,742,000 after buying an additional 10,300 shares during the period. Finally, Herndon Capital Management LLC raised its stake in shares of CVR Energy by 13.5% in the fourth quarter. Herndon Capital Management LLC now owns 27,828 shares of the company’s stock worth $1,095,000 after buying an additional 3,308 shares during the period.
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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