CVR Energy Inc. (CVI) to Issue Quarterly Dividend of $0.37 on March 9th

CVR Energy Inc. (NYSE:CVI) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.37 per share by the oil and gas company on Monday, March 9th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, March 2nd.

CVR Energy has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. CVR Energy has a dividend payout ratio of 679.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect CVR Energy to earn $1.45 per share next year, which means the company may not be able to cover its $9.04 annual dividend with an expected future payout ratio of 623.4%.

CVR Energy Price Performance

Shares of NYSE CVI traded down $0.89 during mid-day trading on Friday, reaching $20.70. The company had a trading volume of 2,840,930 shares, compared to its average volume of 1,083,583. The company has a 50-day moving average price of $24.41 and a two-hundred day moving average price of $30.26. The stock has a market cap of $2.08 billion, a PE ratio of 79.61 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 1.95. CVR Energy has a 1-year low of $15.10 and a 1-year high of $41.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.04. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the company posted ($0.13) EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that CVR Energy will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On CVR Energy

Several large investors have recently added to or reduced their stakes in CVI. Aster Capital Management DIFC Ltd bought a new stake in shares of CVR Energy in the 4th quarter worth about $40,000. Exchange Traded Concepts LLC acquired a new position in CVR Energy in the fourth quarter valued at about $47,000. Horizon Investments LLC bought a new stake in CVR Energy during the fourth quarter worth about $47,000. Quarry LP acquired a new stake in shares of CVR Energy during the third quarter worth approximately $50,000. Finally, Raymond James Financial Inc. bought a new position in shares of CVR Energy in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.