CVR Energy (NYSE:CVI) Posts Quarterly Earnings Results, Misses Expectations By $0.31 EPS

CVR Energy (NYSE:CVI) announced its earnings results on Wednesday. The oil and gas company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.31), FiscalAI reports. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.70 billion. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%.

CVR Energy Stock Down 0.8%

Shares of CVI stock traded down $0.19 during trading hours on Wednesday, reaching $22.33. The company had a trading volume of 1,077,747 shares, compared to its average volume of 1,289,301. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 13.62 and a beta of 1.16. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28. CVR Energy has a 12 month low of $15.10 and a 12 month high of $41.67. The business has a fifty day simple moving average of $25.00 and a 200-day simple moving average of $30.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVI. XTX Topco Ltd increased its stake in CVR Energy by 348.6% in the 4th quarter. XTX Topco Ltd now owns 138,160 shares of the oil and gas company’s stock valued at $3,515,000 after buying an additional 107,364 shares during the last quarter. VARCOV Co. bought a new position in shares of CVR Energy in the fourth quarter valued at approximately $538,000. Voloridge Investment Management LLC grew its holdings in shares of CVR Energy by 120.0% in the fourth quarter. Voloridge Investment Management LLC now owns 81,161 shares of the oil and gas company’s stock valued at $2,065,000 after acquiring an additional 44,270 shares in the last quarter. Twinbeech Capital LP purchased a new stake in shares of CVR Energy during the fourth quarter valued at approximately $2,674,000. Finally, Oxford Asset Management LLP bought a new stake in CVR Energy during the fourth quarter worth $431,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVI. The Goldman Sachs Group raised their price objective on shares of CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, CVR Energy currently has an average rating of “Strong Sell” and a consensus target price of $29.25.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.