CVR Energy, Inc. (NYSE:CVI) Short Interest Down 5.1% in March

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CVI shares. Scotiabank boosted their price objective on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

Institutional Trading of CVR Energy

Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of CVR Energy by 9.1% in the 2nd quarter. BlackRock Inc. now owns 5,075,694 shares of the oil and gas company’s stock worth $152,068,000 after acquiring an additional 424,800 shares in the last quarter. Vanguard Group Inc. lifted its position in CVR Energy by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after buying an additional 424,348 shares during the period. State Street Corp grew its position in shares of CVR Energy by 10.4% in the 2nd quarter. State Street Corp now owns 2,606,337 shares of the oil and gas company’s stock worth $78,086,000 after buying an additional 245,759 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of CVR Energy by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,842,818 shares of the oil and gas company’s stock worth $55,839,000 after acquiring an additional 103,235 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

CVR Energy Stock Performance

Shares of CVI stock opened at $34.54 on Tuesday. The company has a market capitalization of $3.47 billion, a P/E ratio of 4.52 and a beta of 1.57. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 1.30. The stock has a 50 day moving average price of $34.78 and a two-hundred day moving average price of $32.70. CVR Energy has a fifty-two week low of $22.60 and a fifty-two week high of $39.36.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share for the quarter, topping 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%. Analysts expect that CVR Energy will post 2.7 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Friday, March 1st. CVR Energy’s payout ratio is currently 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.