CVR Energy Inc. (CVI) Shares Up 4.7%
CVR Energy Inc. (NYSE:CVI) shares shot up 4.7% during mid-day trading on Friday . The company traded as high as $14.61 and last traded at $14.36, with a volume of 1,086,385 shares trading hands. The stock had previously closed at $13.72.
Separately, Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th.
The firm has a market capitalization of $1.30 billion and a PE ratio of 52.39. The stock’s 50-day moving average price is $14.52 and its 200 day moving average price is $21.55.
CVR Energy (NYSE:CVI) last released its earnings results on Thursday, July 28th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.27. During the same quarter in the previous year, the business earned $1.17 EPS. The firm earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.15 billion. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. Analysts expect that CVR Energy Inc. will post ($0.51) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.40%. The ex-dividend date is Thursday, August 4th.
A hedge fund recently raised its stake in CVR Energy stock. California Public Employees Retirement System boosted its position in shares of CVR Energy Inc. (NYSE:CVI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,500 shares of the company’s stock after buying an additional 10,300 shares during the period. California Public Employees Retirement System owned 0.14% of CVR Energy worth $4,742,000 at the end of the most recent 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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