CVR Power, Inc. (NYSE:CVI – Get Free Report) was the goal of a giant progress in brief curiosity in September. As of September fifteenth, there was brief curiosity totalling 5,340,000 shares, a progress of 8.8% from the August thirty first whole of 4,910,000 shares. Roughly 5.3% of the shares of the inventory are bought brief. Based mostly on a mean each day buying and selling quantity, of 1,210,000 shares, the days-to-cover ratio is presently 4.4 days.
CVR Power Worth Efficiency
Shares of CVR Power inventory traded up $0.47 on Tuesday, hitting $23.50. 1,077,094 shares of the corporate traded palms, in comparison with its common quantity of 1,047,747. CVR Power has a 12-month low of $21.05 and a 12-month excessive of $38.07. The corporate has a present ratio of 1.46, a fast ratio of 0.93 and a debt-to-equity ratio of 1.51. The corporate has a market cap of $2.36 billion, a P/E ratio of three.60 and a beta of 1.49. The agency’s 50-day easy shifting common is $24.59 and its 200 day easy shifting common is $28.08.
CVR Power (NYSE:CVI – Get Free Report) final launched its quarterly earnings outcomes on Monday, July twenty ninth. The oil and fuel firm reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39. CVR Power had a return on fairness of 25.00% and a internet margin of 6.39%. The enterprise had income of $1.97 billion for the quarter, in comparison with the consensus estimate of $1.80 billion. Throughout the identical quarter final 12 months, the enterprise posted $1.64 earnings per share. The corporate’s income for the quarter was down 12.0% on a year-over-year foundation. Analysts anticipate that CVR Power will submit 0.5 earnings per share for the present fiscal 12 months.
CVR Power Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Monday, August nineteenth. Traders of document on Monday, August twelfth got a $0.50 dividend. The ex-dividend date of this dividend was Monday, August twelfth. This represents a $2.00 dividend on an annualized foundation and a yield of 8.51%. CVR Power’s payout ratio is 30.67%.
Wall Avenue Analysts Forecast Development
Plenty of equities analysis analysts have not too long ago issued stories on the inventory. StockNews.com downgraded shares of CVR Power from a “purchase” score to a “maintain” score in a report on Sunday, June sixteenth. Tudor, Pickering, Holt & Co. downgraded shares of CVR Power from a “maintain” score to a “promote” score in a report on Monday, September ninth. JPMorgan Chase & Co. decreased their worth goal on shares of CVR Power from $30.00 to $26.00 and set an “underweight” score on the inventory in a report on Tuesday, July 2nd. UBS Group lowered their worth goal on CVR Power from $33.75 to $30.00 and set a “impartial” score on the inventory in a analysis report on Tuesday, August thirteenth. Lastly, Tudor Pickering upgraded CVR Power to a “sturdy promote” score in a analysis report on Monday, September ninth. 4 analysis analysts have rated the inventory with a promote score and three have assigned a maintain score to the corporate. Based on information from MarketBeat, the inventory presently has a consensus score of “Scale back” and a consensus goal worth of $26.50.
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Institutional Buying and selling of CVR Power
Hedge funds and different institutional traders have not too long ago purchased and bought shares of the corporate. Vanguard Group Inc. boosted its stake in shares of CVR Power by 12.1% throughout the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and fuel firm’s inventory valued at $119,229,000 after buying a further 424,348 shares throughout the interval. Rafferty Asset Administration LLC lifted its stake in shares of CVR Power by 26.0% within the 4th quarter. Rafferty Asset Administration LLC now owns 139,610 shares of the oil and fuel firm’s inventory valued at $4,230,000 after buying a further 28,797 shares throughout the interval. Norges Financial institution bought a brand new stake in CVR Power throughout the 4th quarter valued at $11,567,000. Kingsview Wealth Administration LLC bought a brand new place in shares of CVR Power within the 1st quarter value $754,000. Lastly, Neo Ivy Capital Administration purchased a brand new stake in shares of CVR Power within the second quarter value $2,484,000. Hedge funds and different institutional traders personal 98.88% of the corporate’s inventory.
CVR Power Firm Profile
CVR Power, Inc, along with its subsidiaries, engages within the petroleum refining and advertising, and nitrogen fertilizer manufacturing actions in america. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum section refines and provides gasoline, crude oil, distillate, diesel gasoline, and different refined merchandise.
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