CVR Energy (NYSE:CVI) Reaches New 52-Week Low on Analyst Downgrade

CVR Energy, Inc. (NYSE:CVI - Get Free Report)'s stock price reached a new 52-week low on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $30.00 to $26.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. CVR Energy traded as low as $25.99 and last traded at $26.19, with a volume of 23333 shares trading hands. The stock had previously closed at $26.21.

A number of other equities research analysts also recently weighed in on CVI. Scotiabank raised their price target on CVR Energy from $25.00 to $29.00 and gave the stock a "sector underperform" rating in a research note on Thursday, April 11th. StockNews.com downgraded CVR Energy from a "buy" rating to a "hold" rating in a research note on Sunday, June 16th. Finally, UBS Group cut their price target on CVR Energy from $37.00 to $33.75 and set a "neutral" rating for the company in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $29.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in shares of CVR Energy in the 4th quarter valued at approximately $33,000. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy in the 1st quarter valued at approximately $71,000. Covestor Ltd grew its holdings in CVR Energy by 45,560.0% in the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company's stock valued at $81,000 after buying an additional 2,278 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in CVR Energy in the 4th quarter valued at approximately $89,000. Finally, TFO Wealth Partners LLC grew its holdings in CVR Energy by 246,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company's stock valued at $149,000 after buying an additional 4,931 shares during the last quarter. 98.88% of the stock is owned by institutional investors.

CVR Energy Price Performance

The company has a market cap of $2.67 billion, a price-to-earnings ratio of 4.07 and a beta of 1.54. The company has a fifty day moving average price of $28.39 and a two-hundred day moving average price of $31.61. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

CVR Energy (NYSE:CVI - Get Free Report) last posted its earnings results on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. CVR Energy's quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. As a group, equities research analysts anticipate that CVR Energy, Inc. will post 0.95 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 10th. This represents a $2.00 annualized dividend and a dividend yield of 7.53%. CVR Energy's dividend payout ratio (DPR) is presently 30.67%.

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.