Short Interest in CVR Energy, Inc. (NYSE:CVI) Declines By 5.1%

CVR Energy, Inc. (NYSE:CVI) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,500,000 shares, a drop of 5.1% from the March 15th total of 6,850,000 shares. Based on an average daily volume of 925,400 shares, the short-interest ratio is currently 7.0 days. Currently, 6.5% of the company’s shares are sold short.

Institutional Investors Weigh In On CVR Energy

Several large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in CVR Energy in the 4th quarter worth $33,000. Tower Research Capital LLC TRC boosted its position in shares of CVR Energy by 103.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company’s stock worth $63,000 after buying an additional 945 shares during the period. Money Concepts Capital Corp boosted its position in shares of CVR Energy by 145.4% during the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company’s stock worth $70,000 after buying an additional 1,319 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the first quarter worth about $71,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in CVR Energy in the 1st quarter valued at approximately $79,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

CVI stock opened at $34.54 on Tuesday. CVR Energy has a 1-year low of $22.60 and a 1-year high of $39.36. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The firm has a market cap of $3.47 billion, a PE ratio of 4.52 and a beta of 1.57. The business’s 50-day moving average price is $34.78 and its two-hundred day moving average price is $32.70.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.40. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.26 billion. As a group, research analysts forecast that CVR Energy will post 2.7 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Friday, March 1st. CVR Energy’s dividend payout ratio (DPR) is presently 26.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.