CVR Energy (NYSE:CVI) Price Target Raised to $25.00 at Scotiabank

CVR Energy (NYSE:CVI) had its target price boosted by Scotiabank from $24.00 to $25.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a sector underperform rating on the oil and gas company’s stock.

A number of other analysts have also issued reports on CVI. Mizuho initiated coverage on shares of CVR Energy in a research note on Wednesday, July 17th. They set a neutral rating and a $27.00 target price for the company. UBS Group reduced their target price on shares of CVR Energy from $37.00 to $33.75 and set a neutral rating on the stock in a research report on Tuesday, May 14th. StockNews.com lowered CVR Energy from a buy rating to a hold rating in a report on Sunday, June 16th. Finally, JPMorgan Chase & Co. reduced their price objective on CVR Energy from $30.00 to $26.00 and set an underweight rating on the stock in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $28.55.

CVR Energy Stock Down 0.5 %

Shares of CVI opened at $28.60 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 1.48. The business has a fifty day moving average of $26.66 and a 200 day moving average of $30.85. The company has a market cap of $2.88 billion, a PE ratio of 4.39 and a beta of 1.54. CVR Energy has a 52-week low of $23.93 and a 52-week high of $39.36.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 24.74%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 EPS. On average, sell-side analysts expect that CVR Energy will post 0.13 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Monday, August 12th. CVR Energy’s dividend payout ratio (DPR) is 30.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CVI. Jones Financial Companies Lllp bought a new stake in CVR Energy during the fourth quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the 1st quarter worth approximately $71,000. Covestor Ltd lifted its position in CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 2,278 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in CVR Energy in the fourth quarter valued at approximately $89,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of CVR Energy by 246,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock valued at $149,000 after purchasing an additional 4,931 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Energy

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.