CVR Energy Inc. (CVI) Shares Down 2.5%
CVR Energy Inc. (NYSE:CVI)’s share price fell 2.5% during mid-day trading on Monday . The company traded as low as $14.33 and last traded at $14.55, with a volume of 737,820 shares traded. The stock had previously closed at $14.93.
Separately, Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a research report on Wednesday, June 29th.
The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 50.88. The stock has a 50-day moving average price of $14.46 and a 200-day moving average price of $21.22.
CVR Energy (NYSE:CVI) last released its quarterly earnings data 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. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $1.17 EPS. The business’s quarterly revenue was down 21.0% on a year-over-year basis. On average, analysts forecast that CVR Energy Inc. will post ($0.51) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 13.79%. The ex-dividend date of this dividend is Thursday, August 4th.
An institutional investor recently raised its position in CVR Energy stock. California Public Employees Retirement System increased its position in CVR Energy Inc. (NYSE:CVI) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.14% of CVR Energy worth $4,742,000 at the end of the most recent reporting period.
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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