CVR Energy Inc. (NYSE:CVI):
CVR Energy Announces the Retirement of Jack Lipinski; Names David Lamp as Successor.
The company is now unchanged from yesterday’s close of $27.45.
The company also declared a dividend paid on Monday the 14th of August 2017. The dividend was $0.500 per share for the quarter or $2.00 on an annualized basis. This dividend represents a yield of $7.33 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 3rd of August 2017.
CVR Energy, Inc. (CVR Energy), launched on September 25, 2006, is a holding company. The Company is involved in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Business’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business primarily markets the UAN products to agricultural customers and the ammonia products to agricultural and industrial customers..
The stock is trading at $27.45 just above $26.19, the 50 day moving average and a great deal higher than the 200 day moving average of $22.08. The 50 day moving average was up $1.26 and the 200 day average went up $5.37 or +24.30%.
The company currently has a P/E ratio of 100.18 and the market cap of the company is 2.38B. As of the latest earnings report the EPS was $0.27 and is projected to be $0.76 for the current year with 86,831,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.07 with next year’s EPS projected to be $1.13.
Investors are feeling more bearish on CVR Energy Inc. lately if you look at the increase in short interest. The firm recorded a rise in short interest of 12.10% between September 29, 2017 and October 13, 2017. Short interest increased from 5,237,124 to 5,871,023 over that period. Days to cover increased 3.0 to 13.0 and the short interest percentage is 0.07% as of October 13.