CVR Energy Inc. Plans Quarterly Dividend of $0.75 (CVI)
CVR Energy (NYSE:CVI) declared a quarterly dividend on Friday, November 1st, AnalystRatingsNetwork reports. Investors of record on Monday, November 11th will be given a dividend of $0.75 per share on Monday, November 18th. This represents a $3.00 dividend on an annualized basis and a yield of 7.55%.
Several analysts have recently commented on the stock. Analysts at Macquarie cut their price target on shares of CVR Energy from $39.00 to $36.00 in a research note to investors on Thursday, October 3rd. They now have an “underperform” rating on the stock. On the ratings front, analysts at Simmons downgraded shares of CVR Energy from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, September 9th. Finally, analysts at Zacks downgraded shares of CVR Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $40.60 price target on the stock. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company has an average rating of “Sell” and an average price target of $45.65.
CVR Energy (NYSE:CVI) traded down 5.24% on Friday, hitting $37.64. 113,444 shares of the company’s stock traded hands. CVR Energy has a 1-year low of $34.52 and a 1-year high of $72.32. The stock has a 50-day moving average of $39.37 and a 200-day moving average of $47.69. The company has a market cap of $3.268 billion and a P/E ratio of 5.77.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.16. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $3.00 earnings per share. The company’s quarterly revenue was down 17.9% on a year-over-year basis. Analysts expect that CVR Energy will post $3.96 EPS for the current fiscal year.
CVR Energy, Inc (NYSE:CVI), through its wholly owned subsidiaries, acts as an independent petroleum refiner and marketer of transportation fuels in the mid-continental United States.
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