CVR Energy (NYSE:CVI) announced a quarterly dividend on Thursday, August 1st, Analyst Ratings Network reports. Investors of record on Monday, August 19th will be paid a dividend of $0.75 per share on Monday, August 12th. This represents a $3.00 annualized dividend and a dividend yield of 6.18%.
CVI has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of CVR Energy from a “neutral” rating to a “sell” rating in a research note to investors on Monday, June 10th. They now have a $56.00 price target on the stock. Analysts at Macquarie upgraded shares of CVR Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 22nd. They now have a $71.00 price target on the stock, up previously from $50.00.
Shares of CVR Energy (NYSE:CVI) traded down 2.31% during mid-day trading on Friday, hitting $47.42. CVR Energy has a 52 week low of $27.17 and a 52 week high of $72.32. The stock’s 50-day moving average is currently $48.26. The company has a market cap of $4.118 billion and a P/E ratio of 7.46.
CVR Energy (NYSE:CVI) last released its earnings data on Thursday, August 1st. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.39. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that CVR Energy will post $5.50 earnings per share 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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