CVR Energy, Inc. (NYSE:CVI) Short Interest Update

CVR Energy, Inc. (NYSE:CVI) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 6,500,000 shares, a decline of 5.1% from the March 15th total of 6,850,000 shares. Based on an average daily trading volume, of 925,400 shares, the days-to-cover ratio is currently 7.0 days. Currently, 6.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Scotiabank boosted their price target on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CVI. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of CVR Energy by 96.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,425 shares of the oil and gas company’s stock valued at $764,000 after buying an additional 10,531 shares during the period. Hennessy Advisors Inc. grew its holdings in CVR Energy by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 143,000 shares of the oil and gas company’s stock valued at $5,099,000 after buying an additional 43,700 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy during the 1st quarter worth about $71,000. BTC Capital Management Inc. acquired a new position in shares of CVR Energy in the first quarter valued at approximately $605,000. Finally, Vanguard Group Inc. raised its holdings in CVR Energy by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after acquiring an additional 424,348 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Performance

NYSE:CVI opened at $33.40 on Thursday. CVR Energy has a 52 week low of $22.60 and a 52 week high of $39.36. The company has a fifty day simple moving average of $34.76 and a two-hundred day simple moving average of $32.70. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 4.37 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.40. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.26 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. As a group, equities analysts anticipate that CVR Energy will post 2.7 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 5.99%. CVR Energy’s dividend payout ratio 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.