CVR Energy, Inc. (NYSE:CVI) Short Interest Down 5.2% in April

CVR Energy, Inc. (NYSE:CVI) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,160,000 shares, a decline of 5.2% from the March 31st total of 6,500,000 shares. Approximately 6.1% of the company’s shares are short sold. Based on an average daily volume of 897,100 shares, the days-to-cover ratio is presently 6.9 days.

CVR Energy Stock Down 3.4 %

NYSE:CVI opened at $29.36 on Thursday. The firm’s 50-day moving average price is $34.35 and its 200-day moving average price is $32.80. The company has a market capitalization of $2.95 billion, a PE ratio of 4.50 and a beta of 1.59. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.30 and a quick ratio of 0.94. CVR Energy has a 1-year low of $22.60 and a 1-year high of $39.36.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09). CVR Energy had a net margin of 7.44% and a return on equity of 40.24%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, equities analysts predict that CVR Energy will post 2.73 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.81%. The ex-dividend date is Friday, May 10th. CVR Energy’s dividend payout ratio (DPR) is 30.67%.

Institutional Trading of CVR Energy

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of CVR Energy during the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of CVR Energy during the 1st quarter valued at about $71,000. Scarborough Advisors LLC purchased a new stake in shares of CVR Energy during the 4th quarter valued at about $89,000. TFO Wealth Partners LLC boosted its holdings in shares of CVR Energy by 246,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock valued at $149,000 after acquiring an additional 4,931 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CVR Energy by 54.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,704 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 2,008 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Scotiabank upped their target price on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th.

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.