CVR Energy Inc. (CVI) Shares Up 4.7%
CVR Energy Inc. (NYSE:CVI)’s share price shot up 4.7% during mid-day trading on Friday . The stock traded as high as $14.61 and last traded at $14.36, with a volume of 1,086,385 shares changing hands. The stock had previously closed at $13.72.
Separately, Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of CVR Energy in a report on Wednesday, April 27th.
The company’s 50 day moving average price is $14.60 and its 200 day moving average price is $21.69. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 52.32.
CVR Energy (NYSE:CVI) last announced its earnings results on Thursday, July 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.27. The business earned $1.28 billion during the quarter, compared to analyst estimates of $1.15 billion. The business’s revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. On average, equities analysts anticipate that CVR Energy Inc. will post ($0.51) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders 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 dividend yield of 14.58%.
A hedge fund recently bought a new stake in CVR Energy stock. First Trust Advisors LP bought a new position in shares of CVR Energy Inc. (NYSE:CVI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,525 shares of the company’s stock, valued at approximately $2,224,000. First Trust Advisors LP owned 0.07% of CVR Energy as of its most recent SEC filing.
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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