CVI Stock Summary and Trading Ideas (CVR Energy | NYSE:CVI)

CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its subsidiaries. subsidiaries include several complex full-coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies products through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.

CVR Energy trades on the NYSE stock market under the symbol CVI.

As of April 19, 2024, CVI stock price climbed to $32.62 with 321,497 million shares trading.

CVI has a beta of 0.86, meaning it tends to be less sensitive to market movements. CVI has a correlation of 0.07 to the broad based SPY ETF.

CVI has a market cap of $3.28 billion. This is considered a Mid Cap stock.

Last quarter CVR Energy reported $2 billion in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-55 million and exceeded earnings estimates by $.31.

In the last 3 years, CVI stock traded as high as $43.61 and as low as $11.22.

The top ETF exchange traded funds that CVI belongs to (by Net Assets): CALF, IJR, XOP, VTI, VB.

CVI has outperformed the market in the last year with a return of +31.4%, while the SPY ETF gained +21.0%. In the last 3 month period, CVI beat the market returning +11.5%, while SPY returned +4.1%. However, in the most recent 2 weeks CVI has underperformed the stock market by returning -12.5%, while SPY returned -3.6%.

CVI support price is $31.83 and resistance is $33.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVI stock will trade within this expected range on the day.