CVR Energy (NYSE:CVI) Shares Up 5.2% - Should You Buy?

Key Points

• CVR Energy shares rose 5.2% to about $51.16, although trading volume was roughly 95% below the average daily level.
• Analyst sentiment remains bearish: the stock has an average “Strong Sell” rating, with five Sell and three Hold ratings and a consensus price target of $30.50.
• CVR Energy beat quarterly expectations with EPS of $0.34 versus $0.26 expected and revenue of $2.74 billion, up 55.5% year over year; it also pays a $0.10 quarterly dividend yielding about 0.8%.

CVR Energy Inc. (NYSE:CVI - Get Free Report) shares were up 5.2% on Tuesday . The company traded as high as $51.23 and last traded at $51.1550. Approximately 55,264 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,159,125 shares. The stock had previously closed at $48.63.

Analysts Set New Price Targets

Several brokerages recently issued reports on CVI. Wall Street Zen raised CVR Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of CVR Energy in a research report on Wednesday, August 12th. Tudor Pickering downgraded CVR Energy from a "hold" rating to a "sell" rating in a research note on Thursday, June 4th. UBS Group reiterated a "neutral" rating and issued a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Finally, Zacks Research raised shares of CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $30.50.

CVR Energy Trading Up 6.7%

The business has a 50-day moving average of $37.09 and a 200 day moving average of $33.05. The stock has a market cap of $5.22 billion, a PE ratio of 76.23 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.

CVR Energy (NYSE:CVI - Get Free Report) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned ($0.23) EPS. Equities research analysts predict that CVR Energy Inc. will post 0.79 EPS for the current fiscal year.

CVR Energy Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in CVR Energy during the second quarter worth approximately $143,262,000. PDT Partners LLC acquired a new position in shares of CVR Energy in the 2nd quarter valued at $14,502,000. Dimensional Fund Advisors LP grew its stake in shares of CVR Energy by 16.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,908,062 shares of the oil and gas company's stock valued at $64,220,000 after buying an additional 265,013 shares during the period. First Trust Advisors LP grew its stake in shares of CVR Energy by 687.6% during the 1st quarter. First Trust Advisors LP now owns 263,448 shares of the oil and gas company's stock valued at $8,865,000 after buying an additional 229,998 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of CVR Energy during the 2nd quarter worth $5,077,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

About CVR Energy

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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