CVR Energy (NYSE:CVI) Trading Down 7.2%

CVR Energy, Inc. (NYSE:CVIGet Rating)’s stock price traded down 7.2% on Friday . The stock traded as low as $33.99 and last traded at $34.09. 5,516 shares were traded during mid-day trading, a decline of 99% from the average session volume of 788,644 shares. The stock had previously closed at $36.72.

Several analysts recently weighed in on the company. StockNews.com raised CVR Energy from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Credit Suisse Group lifted their price objective on CVR Energy to $40.00 in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. lifted their target price on CVR Energy from $26.00 to $32.00 in a report on Tuesday, May 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.50.

The company has a 50-day moving average of $31.92 and a 200-day moving average of $24.07. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.81. The company has a market cap of $3.42 billion, a PE ratio of 23.54 and a beta of 1.61.

CVR Energy (NYSE:CVIGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.12. CVR Energy had a negative return on equity of 9.50% and a net margin of 1.94%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm earned ($1.33) earnings per share. As a group, equities analysts predict that CVR Energy, Inc. will post 3.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 23rd. Stockholders of record on Friday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.70%. CVR Energy’s dividend payout ratio is presently 102.56%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP purchased a new position in shares of CVR Energy during the 3rd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at $36,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Energy during the 1st quarter valued at $36,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at $68,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Energy (NYSE:CVI)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

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