CVR Energy (NYSE:CVI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

CVR Energy Inc. (NYSE:CVI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.55 and traded as high as $29.30. CVR Energy shares last traded at $28.2650, with a volume of 1,329,707 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CVI. UBS Group reiterated a “neutral” rating and set a $35.00 target price on shares of CVR Energy in a research note on Monday. Weiss Ratings lowered shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group initiated coverage on shares of CVR Energy in a report on Friday, April 10th. They set a “sell” rating and a $30.00 price objective for the company. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Mizuho boosted their target price on shares of CVR Energy from $32.00 to $35.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy currently has a consensus rating of “Strong Sell” and an average target price of $32.00.

CVR Energy Stock Up 4.3%

The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41. The stock has a 50-day simple moving average of $31.70 and a 200-day simple moving average of $28.55. The firm has a market capitalization of $2.84 billion, a PE ratio of -65.73 and a beta of 0.80.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.58) earnings per share. Analysts forecast that CVR Energy Inc. will post 0.88 EPS for the current year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 11th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, May 11th. CVR Energy’s payout ratio is currently -93.02%.

Hedge Funds Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased 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 worth $37,000 after purchasing an additional 339 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 388 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of CVR Energy during the 4th quarter valued at approximately $40,000. Exchange Traded Concepts LLC bought a new position in CVR Energy in the 4th quarter worth approximately $47,000. Finally, Horizon Investments LLC bought a new position in CVR Energy in the 4th quarter worth approximately $47,000. Institutional investors own 98.88% of the company’s stock.

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.