Company shares last traded at $10.40 which is marginally over $9.81, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $9.22. The 50 day moving average was up $0.59 and the 200 day average was up $1.18. CVR Refining, LP Common Units R shares had a trading volume of 17K in the last trading session. Trading volume was down 94.20% under the stocks average daily volume.
Short traders are feeling a little more bullish on CVR Refining, LP Common Units R recently if you put credence in the decrease in short interest. The stock realized a fall in short interest of -11.48% as of the latest report on September 29, 2017. Short interest decreased from 1,427,251 to 1,263,421 over that timeframe. Days to cover decreased -1.0 to 3.0 and the short interest percentage is 0.01% as of September 29.
These firms have modified their investment in CVRR. As of quarter end Cutler Group LP had sold a total of 15,531 shares trimming its position 83.8%. The value of the investment in CVR Refining, LP Common Units R decreased from $176,000 to $2,000 decreasing 98.9% since the last quarter. As of the end of the quarter Creative Planning had acquired 6,200 shares growing its holdings by 4.5%. The value of the investment in CVRR went from $1,320,000 to $1,429,000 a change of $109,000 quarter over quarter.
Bank Of Montreal /can/ cut its investment by selling 39,900 shares a decrease of 49.5% in the quarter. Bank Of Montreal /can/ now holds 40,700 shares with a value of $401,000. The total value of its holdings decreased 47.7%. As of quarter end Reilly Financial Advisors, LLC had acquired a total of 1,000 shares growing its stake by 40.0%. The value of the total investment in CVR Refining, LP Common Units R increased from $24,000 to $34,000 a change of 41.7% quarter to quarter.
July 17 investment analysts at Citigroup kept the stock rating at “Neutral” but moved up the price target from $9.00 to $10.00. On October 18 Citigroup held the stock rating at “Neutral” and raised the price target to $10.50 from $10.00.
The company’s P/E ratio is 28.97 and market cap is 1.54B. As of the last earnings report the EPS was $0.36 and is expected to be $0.71 for the current year with 147,600,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.12 with next year’s EPS projected to be $0.97.
CVR Refining, LP, launched on September 17, 2012, is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016. In addition, the Company also controlled and operated supporting logistics assets, including approximately 340 miles of active owned and leased pipelines, approximately 150 crude oil transports, a network of crude oil gathering tank farms, approximately 6.4 million barrels of owned and leased crude oil storage and over 4.5 million barrels of combined refined products and feedstocks storage capacity, as of December 31, 2016. Its Coffeyville refinery located in southeast Kansas and the Wynnewood refinery located 65 miles south of Oklahoma City, Oklahoma, are approximately 100 miles and 130 miles, respectively, from the crude oil hub at Cushing, Oklahoma (Cushing), and have access to inland domestic and Canadian crude oils..