UBS Group assumed coverage on shares of CVR Energy (NYSE:CVI – Get Rating) in a report published on Wednesday, The Fly reports. The firm issued a neutral rating on the oil and gas company’s stock.
CVR Energy Stock Performance
CVI stock opened at $32.07 on Wednesday. The stock has a market capitalization of $3.22 billion, a PE ratio of 6.97 and a beta of 1.49. CVR Energy has a 12-month low of $19.16 and a 12-month high of $43.61. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.00. The stock’s 50 day simple moving average is $32.47 and its 200 day simple moving average is $33.67.
CVR Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 13th. Investors of record on Monday, March 6th will be given a $0.50 dividend. The ex-dividend date is Friday, March 3rd. This is a boost from CVR Energy’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 6.24%. CVR Energy’s dividend payout ratio is 43.48%.
Hedge Funds Weigh In On CVR Energy
About CVR Energy
CVR Energy, Inc is a holding company. The firm engages in the provision of petroleum refining and marketing business. It operates through the following segments: Petroleum and Nitrogen Fertilizer. The company was founded in September 1906 and is headquartered in Sugar Land, TX.
- Get a free copy of the StockNews.com research report on CVR Energy (CVI)
- META Platforms May See its Biggest Opening Yet for New Highs
- Penny Stock Vinco Ventures Could Be Big Winner
- Is Chip Design Specialist Synopsys A Gem Hiding In Plain Sight?
- Should You Park Some Capital with Casey’s General Stores?
- Crowdstrike Stock: While The Iron Is Hot!
Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.