Stock traders buy high volume of put options on CVR Energy (NYSE:CVI)

CVR Energy, Inc. (NYSE:CVI – Get a Free Report ) received unusually high options trading activity on Thursday. Traders bought 8,885 put options on the stock. This is a 1,443% increase from the typical volume of 576 put options.

Institutional investors intervene on CVR energy

Several institutional investors and hedge funds have recently modified their holdings of CVI. Vanguard Group Inc. raised its stake in shares of CVR Energy by 12.1% during 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 purchasing an additional 424,348 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in CVR Energy by 282.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 104,989 shares of the oil and gas company’s stock worth $3,181,000 after buying an additional 77,539 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CVR Energy by 29.0% in the fourth quarter. BNP Paribas Financial Markets now owns 123,088 shares of the oil and gas company’s stock valued at $3,730,000 after acquiring an additional 27,676 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in CVR Energy by 26.0% in the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock valued at $4,230,000 after purchasing an additional 28,797 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in CVR Energy in the first quarter valued at $754,000. Hedge funds and other institutional investors own 98.88% of the company’s shares.

Analyst upgrades and downgrades

Several research analysts recently weighed in on CVI shares. StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Scotiabank upped their target price on CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, July 2nd. Mizuho initiated coverage on shares of CVR Energy in a research note on Wednesday, July 17th. They set a “neutral” rating and a $27.00 target price on the stock. Finally, UBS Group dropped their price objective on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th . Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. CVR Energy has a consensus rating of “Hold” and a consensus price target of $27.00, according to MarketBeat.

Read the latest stock analysis on CVR Energy

CVR energy stock by 1.6%

Shares of CVR Energy stock opened at $23.09 on Friday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 3.54 and a beta of 1.49. 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 stock has a 50-day moving average of $25.38 and a two-hundred-day moving average of $29.38. CVR Energy has a twelve month low of $22.63 and a twelve month high of $38.07.

CVR Energy (NYSE:CVI – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. CVR Energy’s quarterly revenue was down 12.0% compared to the same quarter last year. In the same quarter last year, the company earned $1.64 per share. As a group, research analysts expect that CVR Energy will post 0.55 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 12. This represents an annualized dividend of $2.00 and a dividend yield of 8.66%. CVR Energy’s payout ratio is 30.67%.

About CVR Energy

(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.

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