CVR Refining, LP (CVRR) Reaches $16.60 After 5.00% Up Move; Shorts at Kelly Services – Class A (KELYA) Raised By 16.08%

April 24, 2018 - By Ellis Scott

Kelly Services, Inc. (NASDAQ:KELYA) Logo

The stock of CVR Refining, LP (NYSE:CVRR) is a huge mover today! The stock increased 3.11% or $0.5 during the last trading session, reaching $16.6. About 354,317 shares traded. CVR Refining, LP (NYSE:CVRR) has risen 42.31% since April 24, 2017 and is uptrending. It has outperformed by 30.76% the S&P500.The move comes after 7 months positive chart setup for the $2.45 billion company. It was reported on Apr, 24 by Barchart.com. We have $17.43 PT which if reached, will make NYSE:CVRR worth $122.50M more.

Kelly Services Inc – Class A (NASDAQ:KELYA) had an increase of 16.08% in short interest. KELYA’s SI was 623,800 shares in April as released by FINRA. Its up 16.08% from 537,400 shares previously. With 167,300 avg volume, 4 days are for Kelly Services Inc – Class A (NASDAQ:KELYA)’s short sellers to cover KELYA’s short positions. The SI to Kelly Services Inc – Class A’s float is 2.03%. The stock decreased 1.48% or $0.45 during the last trading session, reaching $29.87. About 97,414 shares traded. Kelly Services, Inc. (NASDAQ:KELYA) has risen 35.18% since April 24, 2017 and is uptrending. It has outperformed by 23.63% the S&P500.

Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries worldwide. The company has market cap of $1.14 billion. The firm operates through seven divisions: Americas Commercial; Americas Professional and Technical; Europe, Middle East and Africa Commercial; Europe, Middle East and Africa Professional and Technical; Asia Pacific Commercial; Asia Pacific Professional and Technical; and Outsourcing and Consulting Group. It has a 16.5 P/E ratio. It offers trained employees for data entry, clerical, and administrative support roles; staff for contact centers, technical support hotlines, and telemarketing units; instructional and non-instructional employees for schools; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial maintenance; and temporary-to-hire services, as well as direct-hire placement and vendor on-site management services.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.13, from 0.97 in 2017Q3. It increased, as 16 investors sold CVR Refining, LP shares while 14 reduced holdings. 12 funds opened positions while 21 raised stakes. 18.84 million shares or 5.32% more from 17.89 million shares in 2017Q3 were reported. Barclays Public Limited invested 0% in CVR Refining, LP (NYSE:CVRR). 2.92 million were reported by Goldman Sachs Group Inc. Fifth Third National Bank reported 5,000 shares. Citigroup holds 93,759 shares. Koch Industries Inc owns 12,931 shares. Bnp Paribas Arbitrage Sa reported 0.01% stake. Regions Fincl invested in 0% or 3,450 shares. 128,852 are held by Hotchkis & Wiley Capital Mngmt Lc. Thompson Davis Inc holds 0.07% in CVR Refining, LP (NYSE:CVRR) or 1,750 shares. Rbf Capital Llc accumulated 0.04% or 20,600 shares. Hsbc Hldgs Public Ltd accumulated 12,564 shares. Pnc Fincl Svcs Gru holds 17,550 shares. Cetera Advsr Limited Company reported 15,700 shares stake. Hite Hedge Asset Mngmt Lc holds 4.03% of its portfolio in CVR Refining, LP (NYSE:CVRR) for 1.38 million shares. Leucadia National Corp reported 56,000 shares stake.

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company has market cap of $2.45 billion. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. It has a 27.57 P/E ratio. The firm also controls and operates logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 owned crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.5 million barrels of combined refined products and feedstocks storage capacity.

Among 10 analysts covering CVR Refining LP (NYSE:CVRR), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. CVR Refining LP had 35 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained CVR Refining, LP (NYSE:CVRR) on Friday, September 16 with “Underweight” rating. Citigroup maintained the shares of CVRR in report on Wednesday, January 24 with “Neutral” rating. The stock has “Overweight” rating by Barclays Capital on Monday, October 12. The company was downgraded on Wednesday, October 21 by Citigroup. As per Tuesday, November 14, the company rating was upgraded by Barclays Capital. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 2. UBS initiated CVR Refining, LP (NYSE:CVRR) on Thursday, May 19 with “Neutral” rating. The stock of CVR Refining, LP (NYSE:CVRR) earned “Neutral” rating by Credit Suisse on Monday, April 11. Piper Jaffray maintained the shares of CVRR in report on Monday, August 22 with “Underweight” rating. The firm has “Neutral” rating given on Friday, July 24 by Macquarie Research.

CVR Refining, LP (NYSE:CVRR) Institutional Positions Chart

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