Short Interest in CVR Energy Inc. (NYSE:CVI) Rises By 18.6%

CVR Energy Inc. (NYSE:CVI) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,881,184 shares, a growth of 18.6% from the February 12th total of 4,957,136 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,806,302 shares, the short-interest ratio is presently 3.3 days. Based on an average daily trading volume, of 1,806,302 shares, the short-interest ratio is presently 3.3 days. Currently, 5.9% of the shares of the stock are short sold.

CVR Energy Trading Up 5.7%

CVR Energy stock traded up $1.60 during trading on Tuesday, reaching $29.82. 1,768,694 shares of the company were exchanged, compared to its average volume of 1,503,345. The stock’s 50 day simple moving average is $24.07 and its two-hundred day simple moving average is $30.10. The company has a market capitalization of $3.00 billion, a P/E ratio of 114.71 and a beta of 1.12. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.79 and a quick ratio of 1.13. CVR Energy has a 52-week low of $15.10 and a 52-week high of $41.67.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned ($0.13) EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, March 2nd.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on CVR Energy from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, March 12th. Weiss Ratings cut CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, February 20th. Wall Street Zen cut CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Mizuho upped their price target on CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Sell” and an average price target of $30.00.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn purchased 275,012 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the purchase, the insider owned 71,201,875 shares of the company’s stock, valued at approximately $1,524,432,143.75. This represents a 0.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 783,404 shares of company stock valued at $16,445,044. Corporate insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in CVR Energy by 67.2% in the first quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 5,992 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of CVR Energy during the first quarter valued at about $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CVR Energy by 4.4% during 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 acquiring an additional 858 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after acquiring an additional 63,909 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of CVR Energy by 9.2% in the 2nd quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 941 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.