CVR Energy Inc (NYSE: CVI): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share.

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Stocks Info

CVI belongs to the Energy sector of the NYSE while operating in the Oil & Gas Refining & Marketing industry. The current market capitalization of CVR Energy Inc is $3.46B. A total of 1.07 million shares were traded on the day, compared to an average of 955.46K shares.

In the most recent transaction, ICAHN CARL C sold 4,100,000 shares of CVI for 35.20 per share on Sep 11 ’23. After the transaction, the 10% Owner now owns 66,692,381 company shares. In a previous transaction on Aug 23 ’23, ICAHN CARL C sold 9,529 shares at 33.26 per share. CVI shares that 10% Owner owns now total 70,792,381.

Among the insiders who sold shares, ICAHN CARL C disposed of 127,304 shares on Aug 22 ’23 at a per-share price of $34.60. This resulted in the 10% Owner holding 70,801,910 shares of CVI after the transaction. In another insider transaction, ICAHN CARL C sold 120,243 shares at $34.50 per share on Aug 21 ’23. Company shares held by the 10% Owner now total 70,929,214.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. CVR Energy Inc pays an annual dividend of $1.94, resulting in a dividend yield of 5.63%, and it has a price to earnings (P/E) ratio of 4.50. CVI’s most recent ex-dividend date was 3/1/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 11/20/2023 with an ex-dividend date of 11/10/2023. The CVI stock dividend was $2.00 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CVI has a high of $36.47 and a low of $20.94.

As of this writing, CVI has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.05. The company reported an EPS of $1.89 in the last quarter, which was -2.10% lower than expectations of $1.93.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $8.43, while its Total Shareholder’s Equity was $770.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 1.80.

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