CVR Energy, Inc. (NYSE:CVI) Short Interest Update

CVR Energy, Inc. (NYSE:CVI) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 5,550,000 shares, a decline of 5.6% from the November 15th total of 5,880,000 shares. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 16.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC lifted its holdings in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,321 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in CVR Energy in the 3rd quarter valued at about $43,000. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the third quarter worth approximately $46,000. Larson Financial Group LLC boosted its stake in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 2,698 shares during the period. Finally, Quest Partners LLC raised its holdings in CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,119 shares in the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Stock Down 3.1 %

CVR Energy stock opened at $17.92 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company’s 50-day moving average is $19.93 and its 200-day moving average is $23.35. The firm has a market capitalization of $1.80 billion, a PE ratio of 25.97 and a beta of 1.57. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. CVR Energy’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period last year, the firm earned $1.89 EPS. Sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

CVI has been the subject of several recent analyst reports. StockNews.com downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. The Goldman Sachs Group reduced their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. Scotiabank dropped their target price on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Finally, Mizuho lifted their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Six investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.00.

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.