It is currently trading at $11.35 which is well above the 50 day moving average which is $10.16 and much higher than the 200 day moving average of $9.30. The 50 day moving average was up $1.19 or +11.70% and the 200 day average moved up $2.05. (NYSE:CVRR) shares saw light trading volume with 426K shares changing hands by the end of trading on Tuesday. Volume was down 18.74% under the stocks average daily volume.
Traders are more bearish lately as implied by the motion in short interest. The stock had a rise in short interest between September 29, 2017 and October 13, 2017 of 0.22%. Short interest increased from 1,263,421 to 1,266,168 over that timeframe. The days to cover decreased to 3.0 and the short interest percentage is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Bank Of Montreal /can/ downsized its holdings by shedding 39,900 shares a decrease of 49.5% as of 09/30/2017. Bank Of Montreal /can/ controls 40,700 shares valued at $401,000. The total value of its holdings decreased 47.7%. Reilly Financial Advisors, LLC added to its stake by buying 1,000 shares an increase of 40.0% in the quarter. Reilly Financial Advisors, LLC now holds 3,500 shares with a value of $34,000. The value of the position overall is up by 41.7%.
First Trust Advisors Lp grew its investment by buying 3,965 shares an increase of 8.2%. First Trust Advisors Lp claims 52,537 shares worth $517,000. The total value of its holdings increased 12.1%. Simplex Trading, LLC augmented its position by buying 27,820 shares an increase of 325.2% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC owns 36,376 shares with a value of $358,000. The total value of its holdings increased 342.0%.
On July 17 Citigroup left the company rating at “Neutral” and raised the price expectation to $10.00 from $9.00. October 18 investment analysts at Citigroup made no change to the stock rating of “Neutral” but moved up the price target from $10.00 to $10.50.
The P/E ratio is currently 31.62 and the market value is 1.68B. As of the last earnings report the EPS was $0.36 and is estimated to be $0.71 for the current year with 147,600,000 shares now outstanding. Next quarter’s EPS is expected be $-0.09 and the next full year EPS is anticipated to be $0.99.
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..Advertisement