CVR Energy, Inc. (NYSE:CVI) Sees Large Drop in Short Interest

CVR Energy, Inc. (NYSE:CVI - Get Free Report) saw a significant decline in short interest during 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. Based on an average daily volume of 897,100 shares, the days-to-cover ratio is currently 6.9 days. Approximately 6.1% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in shares of CVR Energy during the 4th quarter valued at $33,000. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the first quarter valued at approximately $71,000. Scarborough Advisors LLC purchased a new position in shares of CVR Energy during the fourth quarter valued at approximately $89,000. TFO Wealth Partners LLC boosted its position in shares of CVR Energy by 246,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company's stock worth $149,000 after purchasing an additional 4,931 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 buying an additional 2,008 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CVI. StockNews.com lowered CVR Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Scotiabank boosted their price objective on CVR Energy from $25.00 to $29.00 and gave the stock a "sector underperform" rating in a research report on Thursday, April 11th.

CVR Energy Price Performance

NYSE CVI traded down $2.79 on Tuesday, reaching $30.33. 2,048,325 shares of the company's stock traded hands, compared to its average volume of 898,472. The stock has a market cap of $3.05 billion, a PE ratio of 4.01 and a beta of 1.57. 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 12 month low of $22.60 and a 12 month high of $39.36. The stock has a 50-day simple moving average of $34.44 and a 200 day simple moving average of $32.80.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.09). CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. CVR Energy's revenue was down 18.5% compared to the same quarter last year. As a group, research analysts predict that CVR Energy will post 2.73 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.00 annualized dividend and a dividend yield of 6.59%. CVR Energy's dividend payout ratio (DPR) is presently 26.14%.

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.

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