CVR Energy Inc. (CVI) Trading Down 5.8%
CVR Energy Inc. (NYSE:CVI) shares fell 5.8% on Tuesday . The company traded as low as $20.96 and last traded at $21.37. 790,384 shares were traded during mid-day trading, an increase of 28% from the average session volume of 618,934 shares. The stock had previously closed at $22.68.
A number of research firms recently commented on CVI. ValuEngine upgraded CVR Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. BidaskClub upgraded CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.50.
The firm has a market cap of $1.87 billion, a PE ratio of 78.61 and a beta of 1.69. The stock has a 50 day moving average price of $19.71 and a 200 day moving average price of $20.56.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.07. CVR Energy had a return on equity of 2.10% and a net margin of 0.44%. The company had revenue of $1.43 billion for the quarter. On average, equities research analysts predict that CVR Energy Inc. will post $0.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid 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 9.29%. CVR Energy’s dividend payout ratio (DPR) is presently 714.31%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CVI. Advisor Group Inc. boosted its stake in shares of CVR Energy by 27.6% during the 2nd quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 1,013 shares in the last quarter. Creative Planning boosted its stake in shares of CVR Energy by 39.4% during the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 1,850 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of CVR Energy by 6.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 530 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of CVR Energy during the 2nd quarter worth about $216,000. Finally, US Bancorp DE boosted its stake in shares of CVR Energy by 23.2% during the 1st quarter. US Bancorp DE now owns 11,065 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 2,085 shares in the last quarter. 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).
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