CVR Energy (CVI) Scheduled to Post Quarterly Earnings on Monday

CVR Energy (NYSE:CVI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect CVR Energy to post earnings of $0.22 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.40. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.26 billion. On average, analysts expect CVR Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CVR Energy Price Performance

CVI opened at $32.82 on Monday. The stock has a 50-day moving average price of $34.66 and a 200-day moving average price of $32.72. CVR Energy has a 12-month low of $22.60 and a 12-month high of $39.36. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $3.30 billion, a P/E ratio of 4.29 and a beta of 1.57.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.09%. The ex-dividend date was Friday, March 1st. CVR Energy’s dividend payout ratio is presently 26.14%.

Analysts Set New Price Targets

CVI has been the subject of several analyst reports. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Scotiabank increased their target price on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CVI. HighTower Advisors LLC bought a new position in CVR Energy during the 1st quarter valued at approximately $255,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of CVR Energy in the 1st quarter worth approximately $79,000. MetLife Investment Management LLC grew its stake in shares of CVR Energy by 16.0% in the 1st quarter. MetLife Investment Management LLC now owns 15,688 shares of the oil and gas company’s stock worth $401,000 after buying an additional 2,162 shares during the last quarter. Rhumbline Advisers grew its stake in shares of CVR Energy by 6.9% in the 1st quarter. Rhumbline Advisers now owns 45,196 shares of the oil and gas company’s stock worth $1,154,000 after buying an additional 2,915 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of CVR Energy by 0.7% in the 1st quarter. BlackRock Inc. now owns 2,522,277 shares of the oil and gas company’s stock worth $64,420,000 after buying an additional 17,656 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

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.