CVR Energy (NYSE:CVI) Trading Up 5.9% – Time to Buy?

CVR Energy Inc. (NYSE:CVI)’s share price rose 5.9% during mid-day trading on Wednesday . The stock traded as high as $30.00 and last traded at $30.3510. 62,830 shares changed hands during trading, a decline of 95% from the average session volume of 1,211,043 shares. The stock had previously closed at $28.65.

Analyst Upgrades and Downgrades

CVI has been the topic of several recent analyst reports. Mizuho reduced their target price on shares of CVR Energy from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of CVR Energy in a research report on Friday, April 10th. They set a “sell” rating and a $30.00 target price for the company. UBS Group reissued a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a report on Monday, June 29th. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, CVR Energy has a consensus rating of “Strong Sell” and an average target price of $30.25.

CVR Energy Trading Up 9.5%

The company’s 50-day moving average is $31.42 and its 200-day moving average is $28.45. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -72.98 and a beta of 0.83.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business posted ($0.58) EPS. The company’s revenue was up 20.3% compared to the same quarter last year. On average, research analysts predict that CVR Energy Inc. will post -0.16 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, May 11th. CVR Energy’s payout ratio is -93.02%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in CVR Energy in the third quarter valued at about $22,217,000. UBS Group AG increased its position in CVR Energy by 32.2% in the fourth quarter. UBS Group AG now owns 850,042 shares of the oil and gas company’s stock worth $21,625,000 after purchasing an additional 206,861 shares during the period. GSA Capital Partners LLP raised its holdings in CVR Energy by 136.0% during the 4th quarter. GSA Capital Partners LLP now owns 51,991 shares of the oil and gas company’s stock worth $1,323,000 after purchasing an additional 29,963 shares during the last quarter. Vanguard Group Inc. lifted its position in CVR Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,705,809 shares of the oil and gas company’s stock valued at $94,276,000 after purchasing an additional 106,906 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new position in CVR Energy during the 4th quarter valued at about $1,068,000. 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.