CVR Energy (NYSE:CVI) Given New $26.00 Price Target at JPMorgan Chase & Co.

CVR Energy (NYSE:CVI) had its price target trimmed by JPMorgan Chase & Co. from $30.00 to $26.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an underweight rating on the oil and gas company’s stock.

A number of other equities analysts also recently weighed in on the stock. Scotiabank raised their target price on shares of CVR Energy from $25.00 to $29.00 and gave the company a sector underperform rating in a research note on Thursday, April 11th. StockNews.com downgraded shares of CVR Energy from a buy rating to a hold rating in a research report on Sunday, June 16th. Finally, UBS Group reduced their price target on shares of CVR Energy from $37.00 to $33.75 and set a neutral rating for the company in a research report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Reduce and an average price target of $29.94.

CVR Energy Stock Performance

NYSE CVI opened at $26.21 on Tuesday. The company has a 50-day simple moving average of $28.53 and a two-hundred day simple moving average of $31.64. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 1.48. CVR Energy has a 12-month low of $26.16 and a 12-month high of $39.36. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 4.02 and a beta of 1.54.

CVR Energy (NYSE:CVI) last posted its earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.96 billion. CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. On average, equities analysts forecast that CVR Energy will post 0.95 EPS for the current year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a yield of 7.63%. CVR Energy’s dividend payout ratio is currently 30.67%.

Institutional Trading of CVR Energy

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in CVR Energy by 12.1% in the 4th 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. Norges Bank purchased a new stake in CVR Energy in the 4th quarter valued at about $11,567,000. Jacobs Levy Equity Management Inc. boosted its position in CVR Energy by 57.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock valued at $31,462,000 after buying an additional 338,393 shares during the period. Tudor Investment Corp Et Al purchased a new stake in CVR Energy in the 3rd quarter valued at about $8,875,000. Finally, Dimensional Fund Advisors LP boosted its position in CVR Energy by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,842,818 shares of the oil and gas company’s stock valued at $55,839,000 after buying an additional 103,235 shares during the period. 98.88% of the stock is currently owned by institutional investors.

About CVR Energy

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