CVR Energy Inc. (CVI) Hits New 1-Year Low at $13.34
CVR Energy Inc. (NYSE:CVI) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $13.34 and last traded at $13.40, with a volume of 1,173,294 shares. The stock had previously closed at $13.65.
A number of research analysts have recently commented on the stock. Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a report on Wednesday, June 29th. Simmons dropped their target price on shares of CVR Energy from $20.00 to $17.00 in a report on Tuesday, April 12th.
The stock’s 50-day moving average is $14.69 and its 200-day moving average is $21.75. The stock has a market capitalization of $1.16 billion and a P/E ratio of 47.02.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.27. During the same period last year, the business posted $1.17 EPS. The firm earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue was down 21.0% compared to the same quarter last year. On average, analysts expect that CVR Energy Inc. will post ($0.47) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 14.93%. The ex-dividend date of this dividend is Thursday, August 4th.
Other large investors have recently made changes to their positions in the company. 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 valued at $4,742,000 after buying an additional 10,300 shares during the period. First Trust Advisors LP bought a new position in CVR Energy during the fourth quarter worth $2,224,000. Finally, Schroder Investment Management Group raised its position in 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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