CVR Energy (NYSE:CVI) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of CVR Energy (NYSE:CVIFree Report) from a buy rating to a hold rating in a research report released on Sunday morning.

Other equities analysts also recently issued reports about the stock. Scotiabank raised 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. UBS Group reduced their price target on shares of CVR Energy from $37.00 to $33.75 and set a neutral rating on the stock in a research note on Tuesday, May 14th.

Get Our Latest Stock Report on CVI

CVR Energy Stock Down 0.5 %

CVI stock opened at $26.91 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 4.13 and a beta of 1.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.49. The firm’s fifty day moving average is $30.15 and its 200 day moving average is $31.97. CVR Energy has a one year low of $26.16 and a one year high of $39.36.

CVR Energy (NYSE:CVIGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.09). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.96 billion. CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The business’s quarterly revenue was down 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. On average, research analysts forecast that CVR Energy will post 1.27 EPS for the current year.

CVR Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend was Friday, May 10th. CVR Energy’s dividend payout ratio (DPR) is currently 30.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of CVR Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 66,300 shares of the oil and gas company’s stock worth $2,256,000 after buying an additional 600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in CVR Energy by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 543,178 shares of the oil and gas company’s stock valued at $18,484,000 after acquiring an additional 14,357 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of CVR Energy during the 3rd quarter worth about $209,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of CVR Energy by 15.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,501 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of CVR Energy by 5.5% during the 3rd quarter. Citigroup Inc. now owns 132,627 shares of the oil and gas company’s stock worth $4,513,000 after purchasing an additional 6,944 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

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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.

Further Reading

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