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

CVR Energy, Inc. (NYSE:CVI) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 5,510,000 shares, a drop of 14.4% from the September 30th total of 6,440,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 4.6 days. Approximately 5.5% of the shares of the stock are sold short.

CVR Energy Trading Down 7.1 %

NYSE:CVI traded down $1.21 on Thursday, reaching $15.90. The stock had a trading volume of 3,019,432 shares, compared to its average volume of 1,097,124. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 23.04 and a beta of 1.48. CVR Energy has a 12-month low of $15.89 and a 12-month high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93. The firm’s fifty day moving average is $23.41 and its two-hundred day moving average is $26.23.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Equities analysts expect that CVR Energy will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Several hedge funds have recently made changes to their positions in CVI. Headlands Technologies LLC boosted its stake in CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of CVR Energy during the 3rd quarter worth about $46,000. Covestor Ltd boosted its position in shares of CVR Energy by 45,560.0% in the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 2,278 shares during the last quarter. Quest Partners LLC grew its holdings in CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the period. Finally, ProShare Advisors LLC acquired a new position in CVR Energy during the first quarter worth approximately $213,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CVI. StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. UBS Group lowered their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Mizuho cut their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $24.75.

CVR Energy Company Profile

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.