CVR Energy, Inc. (NYSE:CVI) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 3,110,459 shares, a drop of 44.0% from the July 31st total of 5,555,916 shares. Based on an average trading volume of 1,212,833 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.6% of the company’s stock are short sold.

Shares of CVR Energy stock traded down $0.29 during trading hours on Friday, reaching $38.00. 584,879 shares of the stock traded hands, compared to its average volume of 680,712. The company has a market cap of $3.39 billion, a P/E ratio of 25.05 and a beta of 1.53. CVR Energy has a one year low of $22.87 and a one year high of $47.67. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.69.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.39). CVR Energy had a net margin of 5.23% and a return on equity of 8.00%. The firm had revenue of $1.91 billion for the quarter.

Several equities analysts have recently weighed in on the company. Goldman Sachs Group upgraded CVR Energy from a “neutral” rating to a “buy” rating in a report on Friday, September 7th. ValuEngine upgraded CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, July 28th.

Hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new position in shares of CVR Energy during the 2nd quarter valued at about $505,000. BlackRock Inc. lifted its holdings in CVR Energy by 6.6% in the 1st quarter. BlackRock Inc. now owns 1,245,580 shares of the oil and gas company’s stock worth $37,642,000 after purchasing an additional 76,852 shares in the last quarter. First Trust Advisors LP lifted its holdings in CVR Energy by 500.7% in the 2nd quarter. First Trust Advisors LP now owns 95,708 shares of the oil and gas company’s stock worth $3,540,000 after purchasing an additional 79,774 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CVR Energy by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 931,127 shares of the oil and gas company’s stock worth $34,441,000 after purchasing an additional 85,789 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in CVR Energy in the 2nd quarter worth approximately $772,000.

CVR Energy Company Profile

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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