According to Bloomberg Ratings, the seven research firms that currently cover CVR Energy, Inc. (NYSE: CVI) have recommended “Hold” as the best course of action for investors to take in the stock. This is the recommendation that the research firms have given. Additionally, the stock has received three separate ratings from different financial analysts, including a recommendation to sell the stock from one of them, a recommendation to hold the stock from two of them, and a recommendation from buy the stock of one of them. . The average price target that brokers who rated the business the previous year set for the business for the next 12 months is $26.75.
Several different brokerages have recently shown interest in CVI. Credit Suisse Group announced this on June 9 in a research note published that day. They said they would raise their price target for CVR Energy to $40. The Street raised CVR Energy’s rating from “c+” to “b-” in a report published on Thursday, July 21, 2018. The rating was previously “c+”. In a research note published Sept. 14, Wolfe Research ultimately downgraded CVR Energy’s rating from “outperforming” to “peer performance.” The previous rating was “outperform”. They explained their choice, stating that it stemmed from their assessment of the situation.
On Friday, the price of a share of CVI was $26.48 when trading began. The company’s price has a 50-day moving average of $32.04, and the price has an equivalent 200-day moving average of $30.78. The company’s market capitalization is currently valued at $2.66 billion, while its PE ratio is 8.12 and its beta is 1.44. The company’s market capitalization is currently valued at $2.66 billion. CVR Energy’s stock price has fluctuated widely over the past year, going from $14.51 to $43.61 per share at various times. There is a ratio of 1.50 debt for every dollar of equity, 1.25 for the current ratio and 0.82 for the quick ratio. Each of these ratios can be expressed as a percentage.
CVR Energy (NYSE: CVI) announced its latest quarterly results on August 1 and the report was published online. Earnings per share that the oil and gas business reported for the quarter came in at $2.45, or $0.35 higher than the estimated $2.10 market pundits provided on average. However, the actual revenue the company reported for the quarter was $3.14 billion, significantly higher than the $2.30 billion analysts had expected for the quarter. CVR Energy’s net margin was 3.46% and the company’s return on equity was 23.67%. During the same period as the previous year, the company suffered an impairment loss of $0.32 for each share. According to the researchers’ forecast, CVR Energy will earn $5.35 per share this year.
Additionally, the company recently announced and implemented a quarterly dividend, which was implemented on the 22nd of this month. The dividend has been distributed. On Friday, August 12, dividends of $3.00 per share were distributed to shareholders of record with the company. These payments were made available to shareholders on the company’s books. Thursday August 11 was the last day dividends were distributed to shareholders before they were discontinued. This equates to a dividend payment of $12 per year and a yield of 45.32%. The previous dividend payment made by CVR Energy, which was $0.40 per quarter, has been increased to the new amount. CVR Energy’s dividend payout ratio is currently 49.08%.
Recently, many hedge funds and other institutional investors have been buying and selling company stocks. These transactions took place both in the direction of purchase and in the direction of sale. During the second quarter of the fiscal year, Federated Hermes Inc. increased the amount of CVR Energy shares held to 102.0%. By the end of the current quarter, Federated Hermes Inc. will have acquired 102,649 shares of the oil and gas company, bringing the total value of its holdings to $3,438,000. This brings the total value of the company’s holdings to $3,438,000. Verition Fund Management LLC increased its stake in CVR Energy by an additional $394,000 during the second quarter, bringing the total amount of capital committed to the business to approximately $394,000. ExodusPoint Capital Management LP increased its investment in CVR Energy by approximately $639,000 during the second quarter compared to the first quarter. This was done so that the company could expand its holdings in the company. Walleye Capital LLC increased the proportion of CVR Energy in which it is invested by 79.4% during the second quarter of the year. Walleye Capital LLC now directly owns 20,470 shares of the oil and gas company, and the value of those shares brings the company’s total stake to a total of $680,000. This was made possible by the purchase of 9,057 shares during the last quarter of the company’s fiscal year. And finally, during the second quarter, Goldman Sachs Group Inc. increased the number of CVR Energy shares it held by 58.4%, bringing the total number of shares it owned to 1. Following the acquisition of 72,892 shares in the last quarter, Goldman Sachs Group Inc. now owns 197,708 shares of the oil and gas business. The current market value of these shares is $6,623,000. Institutional investors and hedge funds own 97.24% of the company’s total number of shares, constituting the majority of shareholders.
The processing of petroleum into refined products and the production of nitrogen fertilizers are examples of activities that CVR Energy, Inc. and its affiliated companies conduct in the United States. Nitrogen fertilizers and petroleum fall under its jurisdiction as a commercial enterprise; these two products constitute its main objective. The refining of gasoline, diesel fuel and other refined products like these fall under the jurisdiction of the petroleum industry, which is responsible for their sale.