CVR Energy (NYSE:CVI) Sets New 1-Year High – Should You Buy?

CVR Energy Inc. (NYSE:CVI)’s stock price reached a new 52-week high on Friday . The company traded as high as $44.52 and last traded at $44.0910, with a volume of 163814 shares. The stock had previously closed at $43.58.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CVI. Zacks Research raised CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of CVR Energy in a research note on Monday, June 29th. Mizuho boosted their price objective on CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of CVR Energy in a research note on Wednesday, August 12th. Finally, Wall Street Zen upgraded CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Sell” and an average price target of $30.50.

CVR Energy Stock Up 1.6%

The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 2.38. The stock has a market cap of $4.45 billion, a PE ratio of 64.88 and a beta of 0.85. The firm has a fifty day moving average of $34.44 and a 200 day moving average of $31.80.

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

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 10th. CVR Energy’s payout ratio is currently 58.82%.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nykredit A S acquired a new position in CVR Energy during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of CVR Energy by 44.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 339 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after buying an additional 388 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of CVR Energy during the fourth quarter worth about $40,000. Finally, Horizon Investments LLC acquired a new position in CVR Energy in the 4th quarter valued at about $47,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.