CVR Energy Inc. (CVI) To Go Ex-Dividend on March 2nd

CVR Energy Inc. (NYSE:CVI) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.37 per share by the oil and gas company on Monday, March 9th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, March 2nd.

CVR Energy has decreased its dividend payment by an average of 1.0%annually over the last three years and has raised its dividend every year for the last 1 years. CVR Energy has a dividend payout ratio of 111.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CVR Energy to earn $1.45 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 102.1%.

CVR Energy Trading Up 2.0%

NYSE CVI traded up $0.47 during trading hours on Friday, hitting $24.10. The company’s stock had a trading volume of 1,959,279 shares, compared to its average volume of 1,246,298. CVR Energy has a twelve month low of $15.10 and a twelve month high of $41.67. The firm has a market capitalization of $2.42 billion, a P/E ratio of 92.70 and a beta of 1.16. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95. The stock has a fifty day moving average of $23.76 and a 200 day moving average of $30.14.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) EPS for the quarter, beating the consensus estimate of ($0.84) by $0.04. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company posted ($0.13) EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.