CVR Energy (NYSE:CVI) Shares Gap Up to $28.31

CVR Energy, Inc. (NYSE:CVI – Get Rating) shares gapped up before the market opened on Thursday . The stock had previously closed at $28.31, but opened at $29.81. CVR Energy shares last traded at $30.55, with a volume of 402,905 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of CVR Energy in a research report on Thursday. They set a “buy” rating for the company. UBS Group assumed coverage on shares of CVR Energy in a research report on Wednesday, March 8th. They set a “neutral” rating and a $36.00 price target for the company.

CVR Energy Stock Performance

The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.00. The firm’s 50-day moving average is $32.29 and its two-hundred day moving average is $33.41. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 6.47 and a beta of 1.49.

CVR Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were issued a $0.50 dividend. This is an increase from CVR Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, March 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 6.72%. CVR Energy’s dividend payout ratio is presently 43.48%.

Institutional Trading of CVR Energy

Hedge funds have recently bought and sold shares of the business. Money Concepts Capital Corp raised its holdings in CVR Energy by 174.8% in the 3rd quarter. Money Concepts Capital Corp now owns 907 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 577 shares during the last quarter. CI Investments Inc. acquired a new stake in CVR Energy in the 4th quarter valued at about $54,000. Nisa Investment Advisors LLC acquired a new stake in CVR Energy in the 3rd quarter valued at about $71,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in CVR Energy in the 3rd quarter valued at about $84,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in CVR Energy in the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 95.51% of the company’s stock.

About CVR Energy

(Get Rating)

CVR Energy, Inc is a holding company. The firm engages in the petroleum refining and marketing business. It operates through the Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets high value transportation fuels. The Nitrogen Fertilizer segment markets nitrogen fertilizers primarily in the form of UAN and ammonia.