CVR Energy (NYSE:CVI) Sets New 1-Year High – Should You Buy?

CVR Energy Inc. (NYSE:CVI)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $44.52 and last traded at $44.0910, with a volume of 163814 shares. The stock had previously closed at $43.58.

Analysts Set New Price Targets

A number of equities analysts have commented on CVI shares. UBS Group restated a “neutral” rating and set a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVR Energy in a report on Wednesday, August 12th. Wall Street Zen raised CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Tudor Pickering cut CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Finally, Mizuho lifted their price target on CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average price target of $30.50.

CVR Energy Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 2.38. The stock has a fifty day moving average price of $34.44 and a two-hundred day moving average price of $31.80. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 64.88 and a beta of 0.85.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business posted ($0.23) EPS. The firm’s quarterly revenue was up 55.5% compared to the same quarter last year. As a group, analysts forecast that CVR Energy Inc. will post 0.79 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. CVR Energy’s dividend payout ratio is currently 58.82%.

Institutional Investors Weigh In On CVR Energy

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of CVR Energy by 67.2% in the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 5,992 shares in the last quarter. AQR Capital Management LLC bought a new position in CVR Energy during the 1st quarter worth approximately $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CVR Energy by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after purchasing an additional 858 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock worth $9,635,000 after purchasing an additional 63,909 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CVR Energy by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after acquiring an additional 69,726 shares during the period. 98.88% of the stock is owned by institutional investors and hedge funds.

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.