CVR Energy, Inc. (NYSE:CVI) Short Interest Up 20.6% in September

CVR Energy, Inc. (NYSE:CVI) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,440,000 shares, a growth of 20.6% from the September 15th total of 5,340,000 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 5.2 days.

CVR Energy Stock Up 2.3 %

CVI traded up $0.53 on Wednesday, reaching $23.72. The company’s stock had a trading volume of 266,969 shares, compared to its average volume of 1,038,984. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 3.62 and a beta of 1.48. CVR Energy has a 1 year low of $21.05 and a 1 year high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93. The business’s 50 day moving average is $24.14 and its 200 day moving average is $27.27.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.39. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. CVR Energy’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, research analysts forecast that CVR Energy will post 0.35 EPS for the current fiscal year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.43%. The ex-dividend date of this dividend was Monday, August 12th. CVR Energy’s payout ratio is currently 30.67%.

Institutional Trading of CVR Energy

Several institutional investors and hedge funds have recently bought and sold shares of CVI. Scarborough Advisors LLC acquired a new stake in CVR Energy during the fourth quarter valued at approximately $89,000. Virtu Financial LLC acquired a new stake in CVR Energy during the fourth quarter valued at approximately $248,000. Vanguard Group Inc. raised its stake in 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 buying an additional 424,348 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in shares of CVR Energy during the 1st quarter worth approximately $605,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CVR Energy during the 1st quarter worth approximately $71,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CVI shares. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. UBS Group decreased their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Mizuho decreased their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Finally, Scotiabank reduced their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, CVR Energy currently has an average rating of “Reduce” and a consensus price target of $24.75.

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.