CVR Energy Inc. (CVI) Trading 1% Higher
CVR Energy Inc. (NYSE:CVI)’s share price was up 1% on Tuesday . The company traded as high as $14.13 and last traded at $13.79, with a volume of 758,521 shares. The stock had previously closed at $13.65.
A number of equities analysts recently weighed in on CVI shares. Simmons lowered their target price on shares of CVR Energy from $20.00 to $17.00 in a research note on Tuesday, April 12th. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of CVR Energy in a research note on Wednesday, April 27th.
The firm has a 50-day moving average of $15.43 and a 200-day moving average of $22.63. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 47.61.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.27. The company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities analysts predict that CVR Energy Inc. will post ($0.47) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 4th. This represents a $2.00 annualized dividend and a yield of 14.53%.
A number of hedge funds and institutional investors recently modified their holdings of CVI. Schroder Investment Management Group raised its position in shares of CVR Energy by 2,013.3% in the fourth quarter. Schroder Investment Management Group now owns 397,300 shares of the company’s stock valued at $15,634,000 after buying an additional 378,500 shares during the period. First Trust Advisors LP bought a new position in shares of CVR Energy during the fourth quarter valued at approximately $2,224,000. California Public Employees Retirement System raised its position in shares of CVR Energy by 9.3% in the fourth quarter. California Public Employees Retirement System now owns 120,500 shares of the company’s stock valued at $4,742,000 after buying an additional 10,300 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of CVR Energy by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 29,554 shares of the company’s stock valued at $1,163,000 after buying an additional 407 shares during the period.
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages 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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