Shares of CVR Energy Inc. (NYSE:CVI) shot up 5.9% on Friday . The stock traded as high as $23.05 and last traded at $22.68, with a volume of 1,131,496 shares. The stock had previously closed at $21.42.

Several research firms recently weighed in on CVI. ValuEngine raised CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.50.

The company has a market cap of $1.97 billion, a PE ratio of 82.77 and a beta of 1.68. The company has a 50-day moving average price of $19.83 and a 200-day moving average price of $20.60.

CVR Energy (NYSE:CVI) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm had revenue of $1.43 billion for the quarter. CVR Energy had a return on equity of 2.10% and a net margin of 0.44%. Equities research analysts forecast that CVR Energy Inc. will post $0.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.00 annualized dividend and a dividend yield of 8.82%. CVR Energy’s dividend payout ratio is currently 714.31%.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in CVR Energy by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,651 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 358 shares in the last quarter. American International Group Inc. increased its stake in CVR Energy by 5.9% in the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 628 shares in the last quarter. Zweig DiMenna Associates LLC increased its stake in CVR Energy by 6.4% in the second quarter. Zweig DiMenna Associates LLC now owns 13,300 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 800 shares in the last quarter. Advisor Group Inc. increased its stake in CVR Energy by 27.6% in the second quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 1,013 shares in the last quarter. Finally, Creative Planning increased its stake in CVR Energy by 39.4% in the second quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 1,850 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

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CVR Energy Company Profile

CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged 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).