CVR Energy (NYSE:CVI) Hits New 52-Week High – Time to Buy?

CVR Energy Inc. (NYSE:CVI)’s stock price reached a new 52-week high on Saturday . The stock traded as high as $42.20 and last traded at $41.77, with a volume of 929667 shares changing hands. The stock had previously closed at $39.76.

Analyst Ratings Changes

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

CVR Energy Price Performance

The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 2.38. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 61.43 and a beta of 0.83. The stock has a 50-day moving average of $33.19 and a two-hundred day moving average of $31.21.

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

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 10th. CVR Energy’s dividend payout ratio (DPR) is presently 58.82%.

Institutional Investors Weigh In On CVR Energy

A number of large investors have recently made changes to their positions in CVI. UBS Group AG lifted its position in shares of CVR Energy by 32.2% in the 4th quarter. UBS Group AG now owns 850,042 shares of the oil and gas company’s stock valued at $21,625,000 after acquiring an additional 206,861 shares in the last quarter. GSA Capital Partners LLP grew its position in CVR Energy by 136.0% during the 4th quarter. GSA Capital Partners LLP now owns 51,991 shares of the oil and gas company’s stock worth $1,323,000 after purchasing an additional 29,963 shares in the last quarter. Vanguard Group Inc. grew its position 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. NFJ Investment Group LLC acquired a new stake in CVR Energy during the 2nd quarter valued at $2,198,000. Finally, PDT Partners LLC acquired a new stake in CVR Energy during the 2nd quarter valued at $14,502,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.