Economy

CVR Energy Inc. (CVI) Sets New 52-Week High on Earnings Beat

CVR Energy Inc. (CVI) Sets New 52-Week High on Earnings Beat”

American International Group Inc. now owns 11,285 shares of the oil and gas company's stock worth $227,000 after purchasing an additional 628 shares during the period.

TRADEMARK VIOLATION WARNING: "CVR Energy Inc".

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning increased its holdings in shares of CVR Energy by 39.4% in the second quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company's stock valued at $102,000 after purchasing an additional 1,013 shares during the period. Creative Planning now owns 6,550 shares of the oil and gas company's stock valued at $143,000 after acquiring an additional 1,850 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: "CVR Energy Inc".

Renaissance Techs Limited Liability Corporation has invested 0% in CVR Energy, Inc. Finally, AQR Capital Management LLC raised its stake in CVR Energy by 45.9% in the second quarter. AQR Capital Management LLC now owns 644,264 shares of the company's stock worth $9,987,000 after buying an additional 202,630 shares during the last quarter.

CVR Energy, Inc. has a 12 month low of $12.03 and a 12 month high of $48.37. (NYSE:CVI) for 66,138 shares.

The company is now unchanged from yesterday's close of $27.45. The company has a market capitalization of $2.38 billion, a P/E ratio of 100.18 and a beta of 1.66.

The stock is trading at $27.45 just above $26.19, the 50 day moving average and a great deal higher than the 200 day moving average of $22.08. (NYSE:CVI) were released by: Prnewswire.com and their article: "CVR Energy Announces the Retirement of Jack Lipinski; Names David Lamp as ..." published on November 01, 2017 as well as Seekingalpha.com's news article titled: "Refiners slip as senators warn EPA on fuel mandates" with publication date: October 05, 2017.

The oil and gas company reported $0.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.29 by $0.08. Revenues climbed 19 percent to about almost $1.4 billion from less than $1.2 billion in the third quarter of 2016. CVR Energy had a negative net margin of 0.62% and a positive return on equity of 1.81%. The company's revenue was down 12.0% compared to the same quarter a year ago. Earnings, adjusted for non-recurring costs, were 37 cents per share.

CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. Shareholders of record on Monday, November 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 12.25%.

Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock. The stock has "Underweight" rating by Piper Jaffray on Friday, September 16. BidaskClub cut CVR Energy from a "sell" rating to a "strong sell" rating in a research note on Friday, August 4th. Citigroup holds 0% in CVR Energy, Inc. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.



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