Short Interest in CVR Energy, Inc. (NYSE:CVI) Declines By 5.1%

CVR Energy, Inc. (NYSE:CVI - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 6,500,000 shares, a drop of 5.1% from the March 15th total of 6,850,000 shares. Based on an average daily volume of 925,400 shares, the days-to-cover ratio is presently 7.0 days. Approximately 6.5% of the company's stock are sold short.

CVR Energy Price Performance

CVR Energy stock traded down $0.58 during mid-day trading on Tuesday, reaching $33.93. The company had a trading volume of 639,727 shares, compared to its average volume of 911,946. The company has a market cap of $3.41 billion, a P/E ratio of 4.44 and a beta of 1.57. CVR Energy has a fifty-two week low of $22.60 and a fifty-two week high of $39.36. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $34.79 and a 200 day simple moving average of $32.70.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.40. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.26 billion. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. On average, equities research analysts predict that CVR Energy will post 2.7 earnings per share for the current year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 5.89%. CVR Energy's dividend payout ratio (DPR) is currently 26.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of CVR Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Scotiabank increased their price objective on shares of CVR Energy from $25.00 to $29.00 and gave the stock a "sector underperform" rating in a research note on Thursday, April 11th.

Institutional Investors Weigh In On CVR Energy

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new stake in shares of CVR Energy in the 4th quarter worth $33,000. Tower Research Capital LLC TRC raised its position in shares of CVR Energy by 103.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 945 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of CVR Energy during the first quarter worth $71,000. Money Concepts Capital Corp grew its position in shares of CVR Energy by 145.4% in the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company's stock valued at $70,000 after purchasing an additional 1,319 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in CVR Energy during the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 98.88% of the company's stock.

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.