Searching For Real Value In Market Debris At CVR Energy Inc (NYSE: CVI)

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Refining & Marketing industry segment, falling under the Energy sector. The current market capitalization of CVR Energy Inc is $3.41B. A total of 0.64 million shares were traded on the day, compared to an average of 911.95K 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. CVR Energy Inc pays an annual dividend of $2.00, resulting in a dividend yield of 5.89%, and it has a price to earnings (P/E) ratio of 4.43. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CVI has a high of $38.07 and a low of $20.94.

As of this writing, CVI has an earnings estimate of $CVS Health Corporation per share for the current quarter. EPS was calculated based on a consensus of Chevron Corporation estimates, with a high estimate of $The Cigna Group per share and a lower estimate of $Cel-Sci Corporation.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $8.43, while its Total Shareholder’s Equity was $770.00M.

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 1.80.

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