CVR Energy Inc. (CVI) Trading Down 2.3%
CVR Energy Inc. (NYSE:CVI)’s share price fell 2.3% on Tuesday . The stock traded as low as $13.52 and last traded at $13.74, with a volume of 320,743 shares changing hands. The stock had previously closed at $14.07.
Separately, Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a research report on Wednesday, June 29th.
The firm has a market capitalization of $1.18 billion and a P/E ratio of 47.86. The stock’s 50-day moving average price is $14.69 and its 200-day moving average price is $21.75.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.27. During the same quarter in the prior year, the company posted $1.17 EPS. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations 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 expect that CVR Energy Inc. will post ($0.47) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $2.00 dividend on an annualized basis and a yield of 14.93%.
An institutional investor recently bought a new position in CVR Energy stock. First Trust Advisors LP purchased a new position in CVR Energy Inc. (NYSE:CVI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,525 shares of the company’s stock, valued at approximately $2,224,000. First Trust Advisors LP owned approximately 0.07% of CVR Energy 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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