CVR Energy (NYSE:CVI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of CVR Energy Inc. (NYSE:CVI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.67 and traded as high as $33.40. CVR Energy shares last traded at $32.5680, with a volume of 983,637 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CVI. Tudor Pickering lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research lowered CVR Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Scotiabank lifted their price target on CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, April 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a report on Monday, June 29th. Two research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus price target of $30.25.

CVR Energy Stock Performance

The firm’s fifty day moving average price is $31.27 and its 200-day moving average price is $28.72. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 2.41. The company has a market cap of $3.53 billion, a P/E ratio of -81.18 and a beta of 0.83.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company posted ($0.58) EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. As a group, research analysts forecast that CVR Energy Inc. will post -0.21 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 annualized dividend and a yield of 1.1%. CVR Energy’s dividend payout ratio is -93.02%.

Institutional Trading of CVR Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of CVR Energy by 44.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Victory Capital Management Inc. increased its holdings in CVR Energy by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock valued at $778,000 after buying an additional 596 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of CVR Energy by 3.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 17,741 shares of the oil and gas company’s stock valued at $451,000 after buying an additional 660 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of CVR Energy by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock valued at $1,785,000 after buying an additional 700 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Company Profile

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.