Investors Purchase Large Volume of CVR Energy Put Options (NYSE:CVI)

CVR Energy, Inc. (NYSE:CVI) was the target of unusually large options trading activity on Friday. Traders acquired 639 put options on the stock. This is an increase of approximately 775% compared to the typical volume of 73 put options.

CVR Energy (CVI) traded up $0.03 during mid-day trading on Thursday, reaching $38.74. 588,751 shares of the company traded hands, compared to its average volume of 428,319. The firm has a market capitalization of $3,360.00, a P/E ratio of 82.43 and a beta of 1.84. CVR Energy has a 1-year low of $16.75 and a 1-year high of $39.47. The company has a quick ratio of 1.69, a current ratio of 2.24 and a debt-to-equity ratio of 0.72.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. CVR Energy had a net margin of 0.71% and a return on equity of 3.37%. The business had revenue of $1.45 billion during the quarter.

Separately, ValuEngine downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th.

A number of institutional investors have recently modified their holdings of CVI. Vanguard Group Inc. raised its position in CVR Energy by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,528,815 shares of the oil and gas company’s stock worth $30,699,000 after acquiring an additional 59,839 shares in the last quarter. Geode Capital Management LLC raised its position in CVR Energy by 1.8% in the first quarter. Geode Capital Management LLC now owns 118,803 shares of the oil and gas company’s stock worth $2,385,000 after acquiring an additional 2,138 shares in the last quarter. Morgan Stanley raised its position in CVR Energy by 16.0% in the first quarter. Morgan Stanley now owns 169,295 shares of the oil and gas company’s stock worth $3,400,000 after acquiring an additional 23,396 shares in the last quarter. US Bancorp DE raised its position in CVR Energy by 18.0% in the second quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in CVR Energy by 83.3% in the second quarter. Russell Investments Group Ltd. now owns 57,144 shares of the oil and gas company’s stock worth $1,243,000 after acquiring an additional 25,964 shares in the last quarter.

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About CVR Energy

CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

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