The price of CVR Energy Inc. (NYSE:CVI) shares last traded on Wall Street rose 1.74% to $36.75.
Based on available information, 7 analysts follow CVR Energy Inc. (NYSE:CVI). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $28.00, we find $31.00. Given the previous closing price of $36.12, this indicates a potential downside of -14.17 percent. CVI stock price is now 26.08% away from the 50-day moving average and 16.71% away from the 200-day moving average. The market capitalization of the company currently stands at $3.57B.
Among analysts, 5 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $30.80 as their price target over the next twelve months.
With the price target of $36, UBS recently initiated with Neutral rating for CVR Energy Inc. (NYSE: CVI).
Insiders disposed of 186,791 shares of company stock worth roughly $6.86 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 PACER ADVISORS, INC. during the first quarter worth $64,051,000. ENCOMPASS CAPITAL ADVISORS LLC invested $6,090,000 in shares of CVI during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in CVR Energy Inc. valued at approximately $5,140,000. SQUAREPOINT OPS LLC acquired a new stake in CVI for approximately $2,896,000. THRIVENT FINANCIAL FOR LUTHERANS purchased a new stake in CVI valued at around $1,974,000 in the second quarter.
A candlestick chart of CVR Energy Inc. (NYSE: CVI) showed a price of $36.42 on Wednesday morning. During the past 12 months, CVR Energy Inc. has had a low of $22.60 and a high of $41.26. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for CVI is $29.38 and a two-hundred day moving average price translates $31.60 for the stock.
According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $1.65, beating analysts’ expectations of $1.21 by 0.44. This compares to $2.38 EPS in the same period last year. The net profit margin was 5.20% and return on equity was 89.20% for CVI. The company reported revenue of $2.24 billion for the quarter, compared to $3.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.88 percent. For the current quarter, analysts expect CVI to generate $2.26B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/21/2023. Investors who held shares on 08/14/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $2.00 dividend and a 5.44% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, CVI is presently at 23.10%.
