The stock of CVR Energy Inc. (NYSE:CVI) last traded at $32.84, up 0.74% from the previous session.
Data from the available sources indicates that CVR Energy Inc. (NYSE:CVI) is covered by 6 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $30.00, we find $31.50. Given the previous closing price of $32.60, this indicates a potential downside of -3.37 percent. CVI stock price is now -3.88% away from the 50-day moving average and 5.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.27B.
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In total, 4 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $32.75 as their price target over the next twelve months.
On January 13, 2022, Scotiabank Upgraded its previous ‘Sector Underperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $12 to quote $20, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
Insiders disposed of 3,699 shares of company stock worth roughly $0.12 million over the past 1 year.
There have been several recent changes in the stakes of large investors in CVI stock. A new stake in CVR Energy Inc. shares was purchased by HENNESSY FUNDS INC during the first quarter worth $11,734,000. EMPOWERED FUNDS, LLC invested $6,436,000 in shares of CVI during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in CVR Energy Inc. valued at approximately $2,292,000. HRT FINANCIAL LP acquired a new stake in CVI for approximately $1,696,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in CVI valued at around $1,684,000 in the second quarter. In total, there are 268 active investors with 97.00% ownership of the company’s stock.
With an opening price of $32.78 on Wednesday morning, CVR Energy Inc. (NYSE: CVI) set off the trading day. During the past 12 months, CVR Energy Inc. has had a low of $15.12 and a high of $41.26. As of last week, the company has a debt-to-equity ratio of 2.84, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for CVI is $34.27 and a two-hundred day moving average price translates $32.86 for the stock.
The latest earnings results from CVR Energy Inc. (NYSE: CVI) was released for Jun, 2022. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $2.45, beating analysts’ expectations of $2.3 by 0.15. This compares to $1.05 EPS in the same period last year. The net profit margin was 3.30% and return on equity was 53.50% for CVI. The company reported revenue of $2.7 billion for the quarter, compared to $1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.34 percent. For the current quarter, analysts expect CVI to generate $2.4B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/21/2022. Investors who held shares on 11/14/2022 were paid a $1.00 dividend. On an annualized basis, this represents a $1.60 dividend and a 4.87% percent yield. There was an ex-dividend date of 11/11/2022 for this dividend. In terms of dividend payout ratio, CVI is presently at 11.90%.
CVR Energy Inc.(CVI) Company Profile
CVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.
