CVR Energy Inc. (NYSE:CVI - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.55 and last traded at $52.14, with a volume of 1021419 shares. The stock had previously closed at $48.63.
Analysts Set New Price Targets
Several research analysts have recently commented on CVI shares. Tudor Pickering lowered CVR Energy from a "hold" rating to a "sell" rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of CVR Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research raised shares of CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. UBS Group reiterated a "neutral" rating and issued a $35.00 target price on shares of CVR Energy in a report on Monday, June 29th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of CVR Energy in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, CVR Energy presently has an average rating of "Strong Sell" and a consensus target price of $30.50.
Check Out Our Latest Analysis on CVI
CVR Energy Trading Up 7.2%
The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 76.68 and a beta of 0.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $33.25.
CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the company earned ($0.23) EPS. The company's quarterly revenue was up 55.5% on a year-over-year basis. On average, research analysts expect that CVR Energy Inc. will post 0.79 earnings per share for the current year.
CVR Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. CVR Energy's payout ratio is 58.82%.
Hedge Funds Weigh In On CVR Energy
A number of hedge funds have recently made changes to their positions in CVI. Nykredit A S purchased a new stake in CVR Energy during the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC raised its position in CVR Energy by 44.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of CVR Energy by 51.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company's stock valued at $38,000 after buying an additional 388 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of CVR Energy during the second quarter worth about $92,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of CVR Energy by 1,817.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,394 shares of the oil and gas company's stock worth $86,000 after buying an additional 3,217 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company's stock.
About CVR Energy
(
Get Free Report)
CVR Energy, Inc NYSE: CVI is a diversified energy company that operates through its petroleum refining and nitrogen fertilizer businesses. The company's operations are primarily located in the Mid-Continent region of the United States.
Through its petroleum segment, CVR Energy owns and operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. These facilities process crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel, and asphalt.
Further Reading
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