CVR Energy (CVI) Downgraded by ValuEngine
ValuEngine lowered shares of CVR Energy (NYSE:CVI) from a buy rating to a hold rating in a research report released on Tuesday morning.
Separately, BidaskClub raised CVR Energy from a strong sell rating to a sell rating in a report on Saturday, August 26th.
Shares of CVR Energy (CVI) traded up $0.63 on Tuesday, reaching $33.30. The company had a trading volume of 384,200 shares, compared to its average volume of 635,985. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.24 and a quick ratio of 1.69. The firm has a market capitalization of $2,836.77, a P/E ratio of 50.26 and a beta of 1.80. CVR Energy has a 52-week low of $16.75 and a 52-week high of $34.12.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date of this dividend was Thursday, November 9th. CVR Energy’s dividend payout ratio is currently 416.68%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Century Capital Management LLC purchased a new stake in CVR Energy in the second quarter valued at approximately $1,376,000. Goldman Sachs Group Inc. lifted its stake in CVR Energy by 105.2% in the second quarter. Goldman Sachs Group Inc. now owns 304,811 shares of the oil and gas company’s stock valued at $6,632,000 after buying an additional 156,265 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in CVR Energy by 83.3% in the second quarter. Russell Investments Group Ltd. now owns 57,144 shares of the oil and gas company’s stock valued at $1,243,000 after buying an additional 25,964 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in CVR Energy in the second quarter valued at approximately $867,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in CVR Energy by 10.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 218,138 shares of the oil and gas company’s stock valued at $4,381,000 after buying an additional 21,420 shares during the last quarter.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/08/cvr-energy-cvi-downgraded-by-valuengine.html.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for CVR Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy Inc. and related stocks with our FREE daily email newsletter.