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

CVR Energy, Inc. (NYSE:CVI) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 5,550,000 shares, a drop of 5.6% from the November 15th total of 5,880,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 3.8 days. Currently, 16.4% of the company’s stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on CVI. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Scotiabank dropped their price objective on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Mizuho lifted their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. cut their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, StockNews.com cut CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Six equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $23.00.

Institutional Trading of CVR Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its position in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,321 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of CVR Energy during the third quarter worth about $43,000. Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy during the third quarter worth about $46,000. Larson Financial Group LLC raised its holdings in CVR Energy by 640.9% during the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC lifted its position in CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $18.50 on Wednesday. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. The firm has a market capitalization of $1.86 billion, a P/E ratio of 26.80 and a beta of 1.57. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company’s fifty day moving average price is $20.06 and its 200 day moving average price is $23.39.

CVR Energy (NYSE:CVI) last announced its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. As a group, sell-side analysts predict that CVR Energy will post -0.12 earnings per share for the current fiscal year.

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.