CVR Energy, Inc. (NYSE:CVI) Short Interest Up 7.2% in March

CVR Energy, Inc. (NYSE:CVIGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,850,000 shares, a growth of 7.2% from the February 29th total of 6,390,000 shares. Currently, 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 902,700 shares, the days-to-cover ratio is presently 7.6 days.

Wall Street Analyst Weigh In

CVI has been the topic of several research analyst reports. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Scotiabank lowered CVR Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Tuesday, January 16th.

View Our Latest Research Report on CVI

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new stake in CVR Energy in the 4th quarter worth $33,000. Tower Research Capital LLC TRC increased its stake in CVR Energy by 103.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company’s stock worth $63,000 after buying an additional 945 shares in the last quarter. Money Concepts Capital Corp increased its stake in CVR Energy by 145.4% in the 4th quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company’s stock worth $70,000 after buying an additional 1,319 shares in the last quarter. IFP Advisors Inc purchased a new stake in CVR Energy in the 3rd quarter worth $91,000. Finally, Scarborough Advisors LLC purchased a new stake in CVR Energy in the 4th quarter worth $89,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Up 3.4 %

NYSE:CVI opened at $37.61 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 4.92 and a beta of 1.57. CVR Energy has a one year low of $22.60 and a one year high of $39.36. The business has a fifty day moving average price of $34.36 and a 200-day moving average price of $32.62.

CVR Energy (NYSE:CVIGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.25 by $0.40. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.26 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. Sell-side analysts forecast that CVR Energy will post 2.63 EPS for the current year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $0.50 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 5.32%. CVR Energy’s payout ratio is presently 26.14%.

About CVR Energy

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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.

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