CVR Refining (NYSE:CVRR) shot up 0% during trading on Thursday . The stock traded as high as $14.70 and last traded at $14.40. 597,656 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 573,442 shares. The stock had previously closed at $14.40.
Several brokerages have commented on CVRR. ValuEngine raised shares of CVR Refining from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded shares of CVR Refining from a “hold” rating to a “strong sell” rating in a research report on Monday, March 12th. Tudor Pickering downgraded shares of CVR Refining from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Citigroup increased their price objective on shares of CVR Refining from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Barclays reissued a “hold” rating and set a $17.00 price objective on shares of CVR Refining in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. CVR Refining presently has a consensus rating of “Hold” and an average target price of $12.90.
The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market capitalization of $2,125.44, a PE ratio of 24.17 and a beta of 1.35.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 12.41%. The ex-dividend date of this dividend was Friday, March 2nd. CVR Refining’s dividend payout ratio is 300.00%.
Several hedge funds have recently modified their holdings of the company. Cetera Advisors LLC bought a new position in CVR Refining in the fourth quarter valued at $261,000. Geode Capital Management LLC bought a new position in CVR Refining in the fourth quarter valued at $386,000. Bank of Montreal Can grew its position in CVR Refining by 14.2% in the fourth quarter. Bank of Montreal Can now owns 46,489 shares of the oil and gas company’s stock valued at $769,000 after purchasing an additional 5,789 shares in the last quarter. Virtu Financial LLC bought a new position in CVR Refining in the fourth quarter valued at $805,000. Finally, Leucadia National Corp grew its position in CVR Refining by 131.7% in the fourth quarter. Leucadia National Corp now owns 56,000 shares of the oil and gas company’s stock valued at $927,000 after purchasing an additional 31,834 shares in the last quarter. 14.36% of the stock is owned by institutional investors.
About CVR Refining
CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
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