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

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

CVR Energy Price Performance

Shares of CVR Energy stock traded up $0.47 on Tuesday, hitting $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 firm’s 50-day simple moving average is $24.59 and its 200 day simple moving average is $28.08.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, beating 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 business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. Analysts expect that CVR Energy will 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 12th. This represents a $2.00 dividend on an annualized basis and a yield of 8.51%. CVR Energy’s payout ratio is 30.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have 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. decreased their price target 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 lowered 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. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $26.50.

Institutional Trading of CVR Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 during the period. Rafferty Asset Management LLC lifted its stake in shares of 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 purchasing an additional 28,797 shares during the period. Norges Bank purchased a new stake in CVR Energy during the 4th quarter valued at $11,567,000. Kingsview Wealth Management LLC purchased a new position in shares of CVR Energy in the 1st quarter worth $754,000. Finally, Neo Ivy Capital Management bought a new stake in shares of CVR Energy in the second quarter worth $2,484,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

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.