CVR Energy Inc. (CVI) Stock Price Down 2.3%
CVR Energy Inc. (NYSE:CVI) traded down 2.3% on Tuesday . The company traded as low as $13.52 and last traded at $13.74, with a volume of 320,743 shares traded. The stock had previously closed at $14.07.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a report on Wednesday, June 29th. Simmons lowered their price target on CVR Energy from $20.00 to $17.00 in a report on Tuesday, April 12th.
The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 47.89. The firm has a 50 day moving average price of $14.84 and a 200-day moving average price of $21.87.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.06 by $0.27. During the same period in the previous year, the business posted $1.17 EPS. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.15 billion. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, equities analysts expect that CVR Energy Inc. will post ($0.47) earnings per share for the current year.
The firm also recently announced 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 dividend on an annualized basis and a yield of 14.65%.
A number of institutional investors have modified their holdings of CVI. California Public Employees Retirement System boosted 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 worth $4,742,000 after buying an additional 10,300 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of CVR Energy during the fourth quarter worth about $2,224,000. Finally, Schroder Investment Management Group boosted 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 worth $15,634,000 after buying an additional 378,500 shares in 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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