CVR Energy (NYSE:CVI) Share Price Passes Above 200-Day Moving Average – What’s Next?

CVR Energy Inc. (NYSE:CVI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.67 and traded as high as $33.40. CVR Energy shares last traded at $32.5680, with a volume of 983,637 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CVI shares. Weiss Ratings cut CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Scotiabank boosted their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the company a “sector underperform” rating in a report on Wednesday, April 22nd. Mizuho decreased 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 report on Tuesday, July 7th. UBS Group reaffirmed a “neutral” rating and set a $35.00 target price on shares of CVR Energy in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus target price of $30.25.

CVR Energy Stock Down 3.0%

The business’s fifty day moving average is $31.26 and its two-hundred day moving average is $28.67. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -75.74 and a beta of 0.83. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned ($0.58) earnings per share. CVR Energy’s quarterly revenue was up 20.3% compared to the same quarter last year. Equities analysts forecast that CVR Energy Inc. will post -0.21 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 11th. CVR Energy’s dividend payout ratio (DPR) is presently -93.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake 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 worth $94,276,000 after purchasing an additional 106,906 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CVR Energy by 16.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,908,062 shares of the oil and gas company’s stock valued at $64,220,000 after purchasing an additional 265,013 shares in the last quarter. State Street Corp boosted its stake in shares of CVR Energy by 2.6% in the 4th quarter. State Street Corp now owns 1,779,701 shares of the oil and gas company’s stock valued at $45,276,000 after buying an additional 45,603 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of CVR Energy by 33.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after buying an additional 345,758 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of CVR Energy by 31.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,167,184 shares of the oil and gas company’s stock worth $29,693,000 after buying an additional 280,300 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Energy

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.