The stock last traded at $26.82 which is just over $25.41, the 50 day moving average and which is quite a bit above the 200 day moving average of $21.71. The 50 day moving average went up by +5.53% whereas the 200 day average was up by +23.56%. CVR Energy Inc. shares had a trading volume of 333K by the end of trading on Tuesday. Trading volume was down 33.82% under the stocks average daily volume.
Investors are a little more bullish on CVR Energy Inc. of late if you take a look at the downtick in short interest. The firm realized a fall in short interest of -0.54% as of the latest report on September 29, 2017. Short shares fell from 5,265,363 to 5,237,124 over that period. The days to cover increased to 10.0 and the percentage of shorted shares is 0.06% as of September 29.
These firms have modified their investment in CVI. As of quarter end Creative Planning had acquired a total of 2,073 shares growing its holdings by 31.6%. The value in dollars went from $143,000 to $223,000 a change of 55.9% quarter to quarter. As of the end of the quarter Nisa Investment Advisors, LLC had bought 17,800 shares growing its position 574.2%. The value of the investment in (CVI) increased from $67,000 to $541,000 a change of $474,000 since the last quarter.
As of quarter end Bank Of Montreal /can/ had bought 14 shares growing its stake by 11.0%. The value of the total investment in CVR Energy Inc. increased from $3,000 to $4,000 increasing 33.3% for the reporting period. As of quarter end Meeder Asset Management Inc had sold 100 shares trimming its stake by 28.2%. The value of the investment in CVI went from $8,000 to $7,000 decreasing 12.5% quarter over quarter.
The company is down by 2.15%% since yesterday’s close of 27.41. The company also declared a dividend for shareholders that was paid on Monday the 14th of August 2017. The dividend payment was $0.500 per share for the quarter which comes to $2.00 on an annualized basis. This dividend amount represented a yield of $7.29. The ex-dividend date was Thursday the 3rd of August 2017.
CVR Energy Inc.’s P/E ratio is 97.88 and the market cap is 2.33B. As of the latest earnings report the EPS was $0.27 and is projected to be $0.76 for the current year with 86,831,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.07 with next year’s EPS anticipated to be $1.13.
CVR Energy, Inc. (CVR Energy), launched on September 25, 2006, is a holding company. The Company is involved in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Business’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business primarily markets the UAN products to agricultural customers and the ammonia products to agricultural and industrial customers..