CVR Energy (NYSE:CVI) Trading Down 7% – Should You Sell?

CVR Energy Inc. (NYSE:CVI)’s stock price traded down 7% during trading on Monday . The stock traded as low as $28.65 and last traded at $28.5310. 66,815 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,217,296 shares. The stock had previously closed at $30.67.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho increased their target price on CVR Energy from $32.00 to $35.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Scotiabank lifted their price target on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group assumed coverage on shares of CVR Energy in a research note on Friday, April 10th. They set a “sell” rating and a $30.00 price target on the stock. Finally, Tudor Pickering lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy presently has an average rating of “Strong Sell” and an average target price of $32.50.

CVR Energy Trading Down 5.4%

The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -67.50 and a beta of 0.80. The business’s 50 day simple moving average is $32.59 and its 200 day simple moving average is $29.04.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.58) earnings per share. Research analysts anticipate that CVR Energy Inc. will post 0.88 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were paid a $0.10 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. CVR Energy’s payout ratio is currently -93.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in shares of CVR Energy in the third quarter valued at about $22,217,000. Neo Ivy Capital Management grew its stake in shares of CVR Energy by 165.4% during the 3rd quarter. Neo Ivy Capital Management now owns 65,340 shares of the oil and gas company’s stock worth $2,384,000 after purchasing an additional 40,721 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CVR Energy by 38.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock worth $13,867,000 after purchasing an additional 106,350 shares during the period. UBS Group AG grew its stake in shares of CVR Energy by 32.2% during the 4th quarter. UBS Group AG now owns 850,042 shares of the oil and gas company’s stock worth $21,625,000 after purchasing an additional 206,861 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of CVR Energy by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 3,705,809 shares of the oil and gas company’s stock worth $94,276,000 after purchasing an additional 106,906 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.

About CVR Energy

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.