CVR Energy Inc. (CVI) Trading Down 2.5%
Shares of CVR Energy Inc. (NYSE:CVI) were down 2.5% on Monday . The company traded as low as $14.33 and last traded at $14.55, with a volume of 737,820 shares trading hands. 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 note on Wednesday, June 29th.
The firm’s 50 day moving average price is $14.42 and its 200-day moving average price is $21.07. The company has a market capitalization of $1.25 billion and a PE ratio of 50.35.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.27. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.15 billion. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. On average, equities research analysts forecast that CVR Energy Inc. will post ($0.51) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.87%. The ex-dividend date of this dividend was Thursday, August 4th.
An institutional investor recently raised its position in CVR Energy stock. California Public Employees Retirement System raised its stake in shares of CVR Energy Inc. (NYSE:CVI) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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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