It’s Not Over Yet For CVR Energy Inc (NYSE: CVI)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized 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

CVR Energy Inc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Refining & Marketing industry. At the end of the last regular session, the stock closed at $35.58 and fluctuated between $36.07 as its day high and $35.37 as its day low. The current market capitalization of CVR Energy Inc is $3.58B. A total of 0.77 million shares were traded on the day, compared to an average of 927.54K 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. CVR Energy Inc pays an annual dividend of $1.94, resulting in a dividend yield of 5.45%, and it has a price to earnings (P/E) ratio of 4.65. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $0.3 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.45 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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