Shares of CVR Energy Inc. (NYSE:CVI) dropped 3.8% during mid-day trading on Thursday . The stock traded as low as $13.81 and last traded at $14.04, with a volume of 384,825 shares changing hands. The stock had previously closed at $14.59.

CVI has been the topic of several research reports. Piper Jaffray Cos. raised their price target on shares of CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, August 22nd. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th.

The firm’s 50 day moving average price is $14.04 and its 200 day moving average price is $19.89. The company has a market capitalization of $1.21 billion and a price-to-earnings ratio of 49.02.

CVR Energy (NYSE:CVI) last posted 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 period last year, the company earned $1.17 earnings per share. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.15 billion. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities analysts anticipate that CVR Energy Inc. will post ($0.19) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 8th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.32%.

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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