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

CVR Energy, Inc. (NYSE:CVI – Get Free Report ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 5,340,000 shares, an increase of 8.8% from the August 31st total of 4,910,000 shares. About 5.3% of the stock’s shares are sold short. Based on an average daily trading volume of 1,210,000 shares, the days-to-cover ratio is currently 4.4 days.

CVR energy price performance

CVR Energy stock traded up $0.47 on Tuesday, reaching $23.50. 1,077,094 shares of the company traded hands, compared to its average volume of 1,047,747. CVR Energy has a 12-month low of $21.05 and a 12-month high of $38.07. The company has a current ratio of 1.46, a quick ratio of 0.93, and a debt-to-equity ratio of 1.51. The company has a market cap of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49. The company’s 50-day simple moving average is $24.59, and its 200-day simple moving average is $28.08.

CVR Energy (NYSE:CVI – Get Free Report ) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share 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 the consensus estimate of $1.80 billion. In the same quarter last year, the company posted earnings of $1.64 per share. The company’s revenue for the quarter was down 12.0% year over year. Analysts expect CVR Energy to post 0.5 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12. This represents a dividend of $2.00 on an annualized basis and a yield of 8.51%. CVR Energy’s payout ratio is 30.67%.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. reduced their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. UBS Group decreased their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Reduce” and a consensus price target of $26.50, according to MarketBeat.

Read our latest report on CVI

Institutional trading of CVR Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of CVR Energy by 12.1% in the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after buying an additional 424,348 shares during the period. Rafferty Asset Management LLC boosted its stake in CVR Energy by 26.0% in the 4th quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock, valued at $4,230,000 after bought an additional 28,797 shares during the period. Norges Bank purchased a new stake in CVR Energy during the fourth quarter valued at $11,567,000. Kingsview Wealth Management LLC acquired a new position in shares of CVR Energy in the first quarter worth $754,000. Finally, Neo Ivy Capital Management bought a new stake in shares of CVR Energy in the second quarter valued at $2,484,000. Hedge funds and other institutional investors own 98.88% of the company’s shares.

CVR Energy Company Profile

(Get a free report)

CVR Energy, Inc, together with its subsidiaries, engages in the refining and marketing of petroleum and the production of nitrogen fertilizers in the United States. It operates in two segments, petroleum and nitrogen fertilizers. The Petroleum segment refines and supplies gasoline, crude oil, distillates, diesel and other refined products.

Featured stories

Get news and ratings for CVR Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CVR Energy and related companies with MarketBeat.com’s FREE daily email newsletter.