CVR Energy, Inc. (NYSE:CVI) Short Interest Down 6.6% in November

CVR Energy, Inc. (NYSE:CVI) saw a large decrease in short interest during the month of November. As of November 29th, there was short interest totalling 1,700,000 shares, a decrease of 6.6% from the November 14th total of 1,820,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 496,100 shares, the short-interest ratio is presently 3.4 days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. acquired a new position in CVR Energy during the 1st quarter worth approximately $5,181,000. Commonwealth Equity Services LLC acquired a new stake in shares of CVR Energy during the 2nd quarter worth $250,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of CVR Energy during the 2nd quarter worth $718,000. First Trust Advisors LP grew its holdings in shares of CVR Energy by 36.3% during the 2nd quarter. First Trust Advisors LP now owns 199,111 shares of the oil and gas company’s stock worth $9,954,000 after purchasing an additional 53,077 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of CVR Energy by 181.9% during the 2nd quarter. KBC Group NV now owns 452,791 shares of the oil and gas company’s stock worth $22,635,000 after purchasing an additional 292,161 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Separately, Tudor Pickering upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.25.

Shares of CVI opened at $41.60 on Friday. The business’s fifty day simple moving average is $45.04 and its two-hundred day simple moving average is $45.74. The company has a current ratio of 2.25, a quick ratio of 1.59 and a debt-to-equity ratio of 0.69. CVR Energy has a 12 month low of $30.46 and a 12 month high of $55.52. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 10.00 and a beta of 1.35.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.78 by $0.27. CVR Energy had a return on equity of 24.03% and a net margin of 6.40%. The business had revenue of $1.62 billion for the quarter.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

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