CVR Energy (NYSE:CVI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

CVR Energy Inc. (NYSE:CVI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on CVI shares. Scotiabank raised their price target on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. UBS Group reissued a “neutral” rating and set a $35.00 target price on shares of CVR Energy in a research note on Monday. Finally, Mizuho boosted their price target on shares of CVR Energy from $32.00 to $35.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $32.00.

CVR Energy Stock Up 3.7%

The business has a fifty day moving average of $31.66 and a 200 day moving average of $28.52. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of -66.43 and a beta of 0.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89.

CVR Energy (NYSE:CVI) last posted 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 net margin of 0.56% and a negative return on equity of 22.36%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm earned ($0.58) earnings per share. CVR Energy’s revenue was up 20.3% compared to the same quarter last year. On average, equities analysts predict that CVR Energy Inc. will post 0.88 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, May 11th. CVR Energy’s dividend payout ratio (DPR) is -93.02%.

Institutional Trading of CVR Energy

Several large investors have recently made changes to their positions in CVI. Royal Bank of Canada raised its stake in shares of CVR Energy by 67.2% in the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 5,992 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of CVR Energy in the first quarter valued at approximately $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CVR Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after purchasing an additional 858 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of CVR Energy by 14.8% in the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 63,909 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of CVR Energy by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock worth $7,351,000 after buying an additional 69,726 shares during the last quarter. 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.