CVR Energy Inc. (CVI) Shares Down 5%
CVR Energy Inc. (NYSE:CVI) traded down 5% on Tuesday . The stock traded as low as $15.28 and last traded at $15.30, with a volume of 480,280 shares traded. The stock had previously closed at $16.10.
Several equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th. Piper Jaffray Cos. boosted their price objective on CVR Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, August 22nd.
The stock has a market capitalization of $1.32 billion, a P/E ratio of 53.16 and a beta of 1.92. The firm’s 50 day moving average price is $14.32 and its 200 day moving average price is $19.06.
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CVR Energy (NYSE:CVI) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.27. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.15 billion. CVR Energy had a return on equity of 5.84% and a net margin of 0.54%. The company’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. On average, equities analysts expect that CVR Energy Inc. will post $0.39 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in CVR Energy by 1.3% in the second quarter. BlackRock Advisors LLC now owns 7,783 shares of the company’s stock worth $121,000 after buying an additional 99 shares during the period. Lucus Advisors LLC raised its stake in CVR Energy by 8.5% in the second quarter. Lucus Advisors LLC now owns 21,727 shares of the company’s stock worth $337,000 after buying an additional 1,710 shares during the period. Allen Investment Management LLC raised its stake in CVR Energy by 10.8% in the first quarter. Allen Investment Management LLC now owns 24,887 shares of the company’s stock worth $650,000 after buying an additional 2,433 shares during the period. Princeton Alpha Management LP raised its stake in CVR Energy by 31.3% in the second quarter. Princeton Alpha Management LP now owns 10,519 shares of the company’s stock worth $163,000 after buying an additional 2,507 shares during the period. Finally, Geode Capital Management LLC raised its stake in CVR Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 121,279 shares of the company’s stock worth $3,164,000 after buying an additional 3,213 shares during the period.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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