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Tuesday, September 26, 2023

This Is Too Hot For CVR Energy Inc. (NYSE: CVI), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CVR Energy Inc. (CVI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.8396, or -2.27%, to $36.2004. The CVR Energy Inc. has recorded 92,831 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CVR Energy Reports Second Quarter 2023 Results, Announces a Cash Dividend of 50 cents and a Special Dividend of $1.00.

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Stocks Info

As a NYSE listed company, CVI falls under the Energy sector while operating within the Oil & Gas Refining & Marketing industry segment. At the end of the last regular session, the stock closed at $37.04 and fluctuated between $37.97 as its day high and $36.94 as its day low. The current market capitalization of CVR Energy Inc. is $3.61B. A total of 0.86 million shares were traded on the day, compared to an average of 1.03M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CVI has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 465 and the disposition of 465 shares. Over the last 12 months, there were 21 BUYs and 21 SELLs from insiders. Insiders purchased 186,038 shares during that period but sold 186,038.

In the most recent transaction, ICAHN CARL C sold 9,529 shares of CVI for 33.26 per share on Aug 23. After the transaction, the 10% Owner now owns 70,792,381 company shares. In a previous transaction on Aug 22, ICAHN CARL C sold 127,304 shares at 34.60 per share. CVI shares that 10% Owner owns now total 70,801,910.

Among the insiders who sold shares, ICAHN CARL C disposed of 120,243 shares on Aug 21 at a per-share price of $34.50. This resulted in the 10% Owner holding 70,929,214 shares of CVI after the transaction. In another insider transaction, ICAHN CARL C sold 149,261 shares at $35.15 per share on Aug 18. Company shares held by the 10% Owner now total 71,049,457.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CVR Energy Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 5.40%, and it has a price to earnings (P/E) ratio of 7.02. CVI’s most recent ex-dividend date was 8/11/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 8/21/2023. Previously, the company paid the dividend on 5/22/2023 with an ex-dividend date of 5/12/2023. The CVI stock dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CVI in the last 3 months, the mean price target is $32.20 with high estimates of $37.00 and low estimates of $28.00. In terms of 52-week highs and lows, CVI has a high of $40.16 and a low of $22.00.

As of this writing, CVI has an earnings estimate of $1.63 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.97 per share and a lower estimate of $1.28. The company reported an EPS of $1.44 in the last quarter, which was 38.50% higher than expectations of $1.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CVI’s latest balance sheet shows that the firm has $510.00M in Cash & Short Term Investments as of fiscal 2021. There were $1.67B in debt and $1.16B in liabilities at the time. Its Book Value Per Share was $7.51, while its Total Shareholder’s Equity was $553.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVI is Buy with a score of 2.20.

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