CVR Energy (NYSE:CVI) Sets New 52-Week Low at $24.64

CVR Energy, Inc. (NYSE:CVIGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.64 and last traded at $24.69, with a volume of 40677 shares changing hands. The stock had previously closed at $25.20.

Wall Street Analysts Forecast Growth

CVI has been the topic of several research reports. UBS Group decreased their price target on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Scotiabank boosted their target price 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 report on Sunday, June 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, CVR Energy has an average rating of “Reduce” and a consensus target price of $29.94.

View Our Latest Stock Report on CVI

CVR Energy Stock Performance

The stock’s 50 day moving average price is $27.71 and its 200 day moving average price is $31.39. 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 company has a market capitalization of $2.43 billion, a P/E ratio of 3.70 and a beta of 1.54.

CVR Energy (NYSE:CVIGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). CVR Energy had a net margin of 7.44% and a return on equity of 40.14%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, equities analysts expect that CVR Energy, Inc. will post 0.25 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 8.29%. CVR Energy’s payout ratio is 30.67%.

Institutional Trading of CVR Energy

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of CVR Energy in the 4th quarter worth $33,000. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy in the 1st quarter worth $71,000. Covestor Ltd grew its stake in shares of CVR Energy by 45,560.0% in the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 2,278 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of CVR Energy in the 4th quarter worth $89,000. Finally, TFO Wealth Partners LLC grew its stake in shares of CVR Energy by 246,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock worth $149,000 after acquiring an additional 4,931 shares in the last quarter. Institutional investors 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.

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