CVR Energy (NYSE:CVI) Sets New 12-Month High - Time to Buy?

Key Points

• CVR Energy shares reached a new 52-week high of $55.19, closing at $53.02 after significant trading volume. The stock’s market capitalization is approximately $5.33 billion.
• Despite a quarterly earnings beat—$0.34 EPS versus the $0.26 estimate and revenue of $2.74 billion—analysts remain cautious. The consensus rating is “Strong Sell”, with an average price target of $30.50.
• CVR Energy paid a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 dividend and a 0.8% yield. Institutional investors own approximately 98.88% of the company’s shares.

CVR Energy Inc. (NYSE:CVI - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $55.19 and last traded at $53.02, with a volume of 1205448 shares changing hands. The stock had previously closed at $53.69.

Wall Street Analysts Forecast Growth

CVI has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of CVR Energy in a research report on Wednesday, August 12th. Tudor Pickering cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research note 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. Mizuho increased their target price on CVR Energy from $28.00 to $29.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 4th. Finally, UBS Group reiterated a "neutral" rating and issued a $35.00 price target on shares of CVR Energy in a report on Monday, June 29th. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, CVR Energy has a consensus rating of "Strong Sell" and a consensus price target of $30.50.

CVR Energy Stock Performance

The stock has a market capitalization of $5.33 billion, a PE ratio of 77.97 and a beta of 0.85. The firm has a fifty day moving average price of $39.31 and a two-hundred day moving average price of $34.07. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The firm's quarterly revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.23) EPS. Research analysts expect that CVR Energy Inc. will post 1.56 EPS for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. CVR Energy's dividend payout ratio is 58.82%.

Hedge Funds Weigh In On CVR Energy

Several institutional investors and hedge funds have recently bought and sold shares of CVI. NewEdge Advisors LLC grew its stake in shares of CVR Energy by 2.5% during the second quarter. NewEdge Advisors LLC now owns 13,890 shares of the oil and gas company's stock worth $383,000 after acquiring an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 339 shares during the period. PNC Financial Services Group Inc. grew its stake in CVR Energy by 51.5% during 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 purchasing an additional 388 shares during the last quarter. Nykredit A S acquired a new position in shares of CVR Energy in the second quarter valued at about $29,000. Finally, New York State Teachers Retirement System increased its holdings in shares of CVR Energy by 13.1% in the first quarter. New York State Teachers Retirement System now owns 11,666 shares of the oil and gas company's stock valued at $393,000 after purchasing an additional 1,354 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Company Profile

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.

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