CVR Energy Inc. (CVI) Shares Up 1%
CVR Energy Inc. (NYSE:CVI) shot up 1% during mid-day trading on Tuesday . The stock 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.
Several research firms recently issued reports on CVI. Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a report on Wednesday, April 27th. Simmons reduced their target price on shares of CVR Energy from $20.00 to $17.00 in a report on Tuesday, April 12th.
The stock has a 50 day moving average of $15.21 and a 200-day moving average of $22.42. The stock has a market capitalization of $1.23 billion and a P/E ratio of 49.6137.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.27. During the same quarter in the previous year, the firm posted $1.17 EPS. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CVR Energy’s revenue was down 21.0% on a year-over-year basis. On average, equities research analysts predict that CVR Energy Inc. will post ($0.47) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%.
Several large investors have modified their holdings of the company. California State Teachers Retirement System raised its stake 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 worth $1,163,000 after buying an additional 407 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of CVR Energy during the fourth quarter worth $2,224,000. California Public Employees Retirement System raised its stake 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 worth $4,742,000 after buying an additional 10,300 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake 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 worth $15,634,000 after buying an additional 378,500 shares during the last quarter.
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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