CVR Energy Inc. (NYSE:CVI) Announces Quarterly Dividend of $0.50
CVR Energy Inc. (NYSE:CVI) announced a quarterly dividend on Thursday, July 27th, Fidelity reports. Stockholders of record on Monday, August 7th will be given a dividend of 0.50 per share by the oil and gas company on Monday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Thursday, August 3rd.
CVR Energy has decreased its dividend payment by an average of 3.9% annually over the last three years.
CVR Energy (NYSE:CVI) traded down 0.56% during mid-day trading on Friday, hitting $19.68. The stock had a trading volume of 356,703 shares. The firm has a 50-day moving average of $21.45 and a 200-day moving average of $21.26. The stock has a market cap of $1.71 billion, a P/E ratio of 27.26 and a beta of 1.75. CVR Energy has a 52-week low of $12.03 and a 52-week high of $25.91.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The firm had revenue of $1.43 billion during the quarter. CVR Energy had a net margin of 1.17% and a return on equity of 3.21%. On average, analysts forecast that CVR Energy will post $0.29 EPS for the current fiscal year.
A number of brokerages recently commented on CVI. ValuEngine upgraded shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. CVR Energy currently has an average rating of “Hold” and a consensus target price of $14.50.
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About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged 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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