Short Interest in CVR Energy, Inc. (NYSE:CVI) Decreases By 5.6%

CVR Energy, Inc. (NYSE:CVI - Get Free Report) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 5,550,000 shares, a decline of 5.6% from the November 15th total of 5,880,000 shares. Approximately 16.4% of the shares of the company are sold short. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 3.8 days.

Analyst Ratings Changes

CVI has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered their price objective on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Friday, December 6th. Mizuho boosted their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Finally, Tudor Pickering raised shares of CVR Energy to a "strong sell" rating in a research report on Monday, September 9th. Six investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $23.00.

Hedge Funds Weigh In On CVR Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of CVR Energy in the third quarter worth about $43,000. Barclays PLC increased its position in CVR Energy by 214.3% during the third quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock worth $1,797,000 after purchasing an additional 53,203 shares during the last quarter. Vestcor Inc increased its position in CVR Energy by 401.4% during the third quarter. Vestcor Inc now owns 24,233 shares of the oil and gas company's stock worth $558,000 after purchasing an additional 19,400 shares during the last quarter. XTX Topco Ltd acquired a new stake in CVR Energy during the third quarter worth about $1,302,000. Finally, State Street Corp increased its position in CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company's stock worth $47,789,000 after purchasing an additional 317,475 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Performance

CVR Energy stock traded down $0.04 during mid-day trading on Tuesday, reaching $18.50. 1,672,600 shares of the company traded hands, compared to its average volume of 1,149,411. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 26.80 and a beta of 1.57. The firm's fifty day moving average is $20.06 and its two-hundred day moving average is $23.39.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.41). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The company's revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. On average, equities research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.