CVR Energy (NYSE:CVI) Stock Price Up 4.6% – Should You Buy?

Shares of CVR Energy Inc. (NYSE:CVI) were up 4.6% during mid-day trading on Friday . The stock traded as high as $41.61 and last traded at $41.58. Approximately 181,382 shares changed hands during trading, a decline of 84% from the average session volume of 1,152,996 shares. The stock had previously closed at $39.76.

Analyst Ratings Changes

Several equities analysts have recently commented on CVI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. Tudor Pickering cut CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Wall Street Zen raised CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of CVR Energy in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $30.50.

CVR Energy Stock Up 4.6%

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’s 50 day simple moving average is $32.90 and its two-hundred day simple moving average is $31.14. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 61.15 and a beta of 0.83.

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

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, August 10th. CVR Energy’s payout ratio is presently 58.82%.

Institutional Investors Weigh In On CVR Energy

A number of large investors have recently added to or reduced their stakes in the stock. Nykredit A S bought a new position in CVR Energy during the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in CVR Energy by 44.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 339 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 388 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of CVR Energy during the 4th quarter valued at $40,000. Finally, Horizon Investments LLC acquired a new stake in shares of CVR Energy during the 4th quarter worth $47,000. Institutional investors and hedge funds 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.