CVR Energy (CVI) Declares Special Dividend of $6.50

CVR Energy (NYSE:CVI) announced a special dividend on Tuesday, May 28th, AnalystRatings.Net reports. Stockholders of record on Monday, June 3rd will be paid a dividend of $6.50 per share on Monday, June 10th.

CVI has been the subject of a number of recent research reports. Analysts at Macquarie upgraded shares of CVR Energy from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 22nd. They now have a $71.00 price target on the stock, up previously from $50.00. On the ratings front, analysts at Deutsche Bank cut their price target on shares of CVR Energy from $60.00 to $50.00 in a research note to investors on Wednesday, April 17th. They now have a “hold” rating on the stock.

Shares of CVR Energy (NYSE: CVI) opened at 69.73 on Tuesday. CVR Energy has a 52 week low of $23.54 and a 52 week high of $69.51. The stock’s 50-day moving average is currently $54.6. The company has a market cap of $6.055 billion and a P/E ratio of 10.44.

CVR Energy (NYSE: CVI) last released its earnings data on Wednesday, May 1st. The company reported $1.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.42. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.76 earnings per share. CVR Energy’s revenue was up 19.5% compared to the same quarter last year. Analysts expect that CVR Energy will post $5.91 EPS for the current fiscal year.

CVR Energy, Inc. (NYSE: CVI) is an independent petroleum refiner and marketer of transportation fuels.