CVR Energy Inc. (NYSE:CVI) Short Interest Up 18.6% in February

CVR Energy Inc. (NYSE:CVI) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 5,881,184 shares, an increase of 18.6% from the February 12th total of 4,957,136 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average daily volume of 1,806,302 shares, the short-interest ratio is presently 3.3 days. Based on an average daily volume of 1,806,302 shares, the short-interest ratio is presently 3.3 days. Currently, 5.9% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

CVI has been the subject of a number of research reports. Weiss Ratings cut CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. Wall Street Zen lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Mizuho raised their target price on shares of CVR Energy from $28.00 to $32.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price objective on CVR Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, CVR Energy presently has a consensus rating of “Strong Sell” and a consensus price target of $30.00.

Insider Activity at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 275,012 shares of CVR Energy stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $21.41 per share, with a total value of $5,888,006.92. Following the completion of the transaction, the insider owned 71,201,875 shares in the company, valued at $1,524,432,143.75. The trade was a 0.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 783,404 shares of company stock worth $16,445,044. Insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in CVR Energy by 2.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,081 shares of the oil and gas company’s stock worth $623,000 after purchasing an additional 363 shares during the period. Victory Capital Management Inc. raised its stake in CVR Energy by 2.9% in the third 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 in the last quarter. Congress Asset Management Co. lifted its holdings in CVR Energy by 0.7% during the 3rd quarter. Congress Asset Management Co. now owns 85,083 shares of the oil and gas company’s stock worth $3,104,000 after buying an additional 604 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in CVR Energy by 1.5% during the 3rd quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock worth $1,785,000 after buying an additional 700 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of CVR Energy by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 13,394 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

Shares of NYSE CVI traded up $1.60 during midday trading on Tuesday, reaching $29.82. 1,768,694 shares of the stock traded hands, compared to its average volume of 1,503,345. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.13. CVR Energy has a one year low of $15.10 and a one year high of $41.67. The company’s 50 day moving average is $24.07 and its 200 day moving average is $30.10. The stock has a market capitalization of $3.00 billion, a PE ratio of 114.71 and a beta of 1.12.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) EPS for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, March 2nd.

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.