CVR Energy Inc. (CVI) To Go Ex-Dividend on August 10th

CVR Energy Inc. (NYSE:CVI) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of 0.10 per share by the oil and gas company on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, August 10th.

CVR Energy has decreased its dividend payment by an average of 1.0%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 30.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CVR Energy to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.3%.

CVR Energy Stock Down 0.6%

CVR Energy stock opened at $31.17 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92. CVR Energy has a 1-year low of $19.62 and a 1-year high of $41.67. The company has a market cap of $3.13 billion, a PE ratio of 45.84 and a beta of 0.83. The stock’s 50 day moving average price is $31.48 and its 200 day moving average price is $29.78.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.CVR Energy’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.23) earnings per share. On average, sell-side analysts predict that CVR Energy will post 0.16 EPS for the current fiscal year.

Institutional Trading of CVR Energy

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of CVR Energy by 67.2% during the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after buying an additional 5,992 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of CVR Energy in the 1st quarter worth about $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CVR Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after acquiring an additional 858 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CVR Energy by 14.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after acquiring an additional 63,909 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in CVR Energy by 34.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after acquiring an additional 69,726 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

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.