CVR Energy, Inc. (NYSE:CVI) Short Interest Down 14.4% in October

CVR Energy, Inc. (NYSE:CVI - Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,510,000 shares, a decrease of 14.4% from the September 30th total of 6,440,000 shares. Currently, 5.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is presently 4.6 days.

Institutional Trading of CVR Energy

Several large investors have recently added to or reduced their stakes in CVI. Headlands Technologies LLC lifted its position in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 1,321 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy in the third quarter worth about $46,000. Covestor Ltd boosted its position in CVR Energy by 45,560.0% during the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company's stock valued at $81,000 after acquiring an additional 2,278 shares in the last quarter. Quest Partners LLC grew its holdings in shares of CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company's stock worth $93,000 after acquiring an additional 1,119 shares during the period. Finally, ProShare Advisors LLC bought a new position in shares of CVR Energy in the 1st quarter worth approximately $213,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Trading Down 24.2 %

NYSE:CVI traded down $5.77 during midday trading on Tuesday, reaching $18.05. 9,420,517 shares of the stock traded hands, compared to its average volume of 1,076,653. The stock has a market capitalization of $1.81 billion, a P/E ratio of 2.77 and a beta of 1.48. CVR Energy has a 12 month low of $17.50 and a 12 month high of $38.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. The company has a fifty day moving average of $23.73 and a 200 day moving average of $26.37.

CVR Energy (NYSE:CVI - Get Free Report) last posted its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The firm's revenue for the quarter was down 27.3% compared to the same quarter last year. On average, research analysts predict that CVR Energy will post 0.35 EPS for the current year.

Analysts Set New Price Targets

CVI has been the topic of a number of research analyst reports. Scotiabank reduced their target price on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a research note on Thursday, October 10th. Tudor Pickering upgraded CVR Energy to a "strong sell" rating in a research report on Monday, September 9th. Mizuho reduced their price target on shares of CVR Energy from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. UBS Group lowered their price objective on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, August 13th. Finally, Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $24.75.

CVR Energy Company Profile

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.