Earnings Preview: CVR Energy (CVI) Q4 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/11/2025
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CVR Energy to Release Fourth Quarter and Full-Year 2024 Earnings Results
- SUGAR LAND, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2024 earnings results on Tuesday, Feb. 18, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, Feb. 19, at 1 p.m. Eastern to discuss these results.
- 02/04/2025
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CVR Energy: Difficult Macro But A Potential Icahn Floor Under Shares
- CVR Energy has faced significant challenges, including a 40% stock decline and dividend suspension, but Carl Icahn's actions have stabilized the stock. Icahn Enterprises increased its stake in CVI, signaling confidence and creating a near-term floor for the stock price. The Company's liquidity measures, including a $325 million term loan and potential asset sales, should cover upcoming costs despite a weak refining market.
- 02/02/2025
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CVR Energy Commences Planned Turnaround at Coffeyville Refinery
- SUGAR LAND, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced that it has commenced its planned turnaround at the Coffeyville, Kansas, refinery operated by one of its subsidiaries following damage sustained to its Naphtha Hydrotreater on January 21, 2025, during freezing weather conditions. The Company intends to provide further updates regarding this turnaround during its next earnings conference call.
- 01/24/2025
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ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P.
- SUNNY ISLES BEACH, Fla. , Jan. 9, 2025 /PRNewswire/ -- Icahn Enterprises L.P.
- 01/09/2025
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ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P.
- SUNNY ISLES BEACH, Fla. , Jan. 6, 2025 /PRNewswire/ -- Icahn Enterprises L.P.
- 01/06/2025
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CVR Energy Announces Pricing of Proposed Senior Secured Term Loan B Facility, 2025 Capital Expenditure Outlook, New Employment Agreement with Dave Lamp
- SUGAR LAND, Texas, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced that certain of its wholly owned subsidiaries have priced a proposed $325 million aggregate principal amount senior secured term loan B due 2027 (the “Facility”). The loans under the Facility will be issued at a price equal to 99% of their face value and bear interest at SOFR plus 4.0%, with closing expected before the end of the year. The proceeds of the loans under the Facility are expected to be used primarily for capital expenditures, including the planned 2025 turnaround at the Coffeyville refinery. The Company is also in negotiations for the potential sale of its interests in one of its midstream assets, with total consideration, if the transaction is finalized, approved and closed, expected to be under $100 million. Such sale, if any is consummated, is expected to further enhance the Company's liquidity position.
- 12/12/2024
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ICAHN ENTERPRISES L.P. AND ICAHN ENTERPRISES HOLDINGS L.P.
- SUNNY ISLES BEACH, Fla. , Dec. 6, 2024 /PRNewswire/ -- Icahn Enterprises L.P.
- 12/06/2024
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Dividend Aristocrats Yielding over 6% to Buy in November
- Now that we have officially entered November, a whole entirely new world of volatility appears to be present in the stock market.
- 11/19/2024
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CVR Energy Shares Gain as Carl Icahn Plans to Boost Stake
- Carl Icahn's investment fund halves dividends to increase its holding in CVI, betting on the potential of the undervalued stock.
- 11/12/2024
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Icahn Enterprises seeks to raise stake in refiner CVR Energy
- Icahn Enterprises , headed by billionaire activist investor Carl Icahn, said on Friday it has submitted a proposal to boost its stake in refiner CVR Energy to 81.3%.
- 11/08/2024
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Icahn plans raising stake in oil refiner CVR, WSJ reports
- Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday.
- 11/07/2024
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Stock Market Rally Is 2 Years Old: 3 Passive Income Favorites Are November Bargains
- 24/7 Wall St. Insights The long AI-driven rally has many tech stocks overvalued.
- 11/02/2024
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CVR Energy Sinks After Poor Q3 Results, Suspends Dividend And Should Be Avoided
- CVR Energy is downgraded to a Sell due to poor Q3 2024 results, including a $124 million net loss and suspension of the dividend. The energy sector's volatility and geopolitical instability have negatively impacted CVI, with refining margins and throughput significantly lower than expected. CVI's failed $8B bid for Citgo and unplanned outages at its refineries highlight the need for diversification and liquidity preservation.
- 10/30/2024
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CVR Energy, Inc. (CVI) Q3 2024 Earnings Call Transcript
- CVR Energy, Inc. Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Richard Roberts - Financial Planning & Analysis & Investor Relations Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering John Royall - JPMorgan Manav Gupta - UBS Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy Third Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
- 10/29/2024
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CVR Energy Dividend Suspension Likely Forces Icahn Enterprises To Do The Same
- CVR Energy, Inc.'s refining margins plummeted, causing a 96% drop in free cash flow and a 90% decline in adjusted EBITDA. The dividend suspension could be seen a mile away. Icahn Enterprises L.P.'s reliance on CVI's dividends, critically impacts its cash flow, making future distributions uncertain.
- 10/29/2024
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New Strong Sell Stocks for October 29th
- CVI, BSET and BAMXF have been added to the Zacks Rank #5 (Strong Sell) List on October 29, 2024.
- 10/29/2024
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Icahn Enterprises' stock slides 4% as majority-owned CVR Energy suspends its dividend
- Icahn Enterprises LP's stock fell 4% early Tuesday, after CVR Energy Inc., in which it owns a 66% stake, said it would suspend its third-quarter dividend, as unplanned outages and a weak macro environment pressured earnings.
- 10/29/2024
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CVR Energy (CVI) Reports Q3 Loss, Lags Revenue Estimates
- CVR Energy (CVI) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $1.89 per share a year ago.
- 10/28/2024
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CVR Energy Reports Third Quarter 2024 Results
- SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced a net loss attributable to CVR Energy stockholders of $124 million, or $1.24 per diluted share, and an EBITDA loss of $35 million for the third quarter of 2024, compared to net income attributable to CVR Energy stockholders of $353 million, or $3.51 per diluted share, and EBITDA of $530 million for the third quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted loss per diluted share for the third quarter of 2024 was 50 cents and adjusted EBITDA was $63 million, compared to adjusted earnings per diluted share of $1.89 and adjusted EBITDA of $313 million in the third quarter of 2023.
- 10/28/2024
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6 High-Yield Dividend Stocks Every Passive Income Investor Should Own in 2024
- 24/7 Wall St. Insights Interest rates are expected to decline to 3.25% by 2026.
- 10/27/2024
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Earnings Preview: CVR Energy (CVI) Q3 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/21/2024
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Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 10/04/2024
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5 High-Yield Dividend Stocks Under $30 Are Incredible Passive Income Ideas
- 24/7 Wall St. Insights The Federal Reserve went all in with a 50-basis-point rate cut.
- 10/01/2024
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Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks With Over 5% Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 09/18/2024
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Carl Icahn Goes All In With 78% of His Portfolio In Just 2 Stocks
- Billionaire investor Carl Icahn gained his reputation as a hard-nosed corporate raider in the 1980s.
- 09/15/2024
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5 Broker-Loved Stocks to Watch as Easing Inflation Lifts Rate Cut Bets
- Investors would do well to monitor broker-loved stocks like ASIX, ALGT, CVI, WBD and DXC for high returns.
- 09/05/2024
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Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 09/04/2024
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CVR Energy, Inc. (CVI) Q2 2024 Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI ) Q2 2024 Earnings Conference Call July 30, 2024 1:00 PM ET Company Participants Richard Roberts - Vice President, FP&A and IR Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Matthew Blair - Tudor, Pickering Operator Greetings. And welcome to the CVR Energy Second Quarter 2024 Conference Call.
- 07/30/2024
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Oil refiner CVR Energy continues to explore strategic transactions, CEO says
- The chief executive of U.S. oil refiner CVR Energy on Tuesday said the Sugar Land, Texas, company is exploring strategic transactions in refining.
- 07/30/2024
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CVR Energy (CVI) Tops Q2 Earnings and Revenue Estimates
- CVR Energy (CVI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.30 per share. This compares to earnings of $1.64 per share a year ago.
- 07/29/2024
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CVR Energy Reports Second Quarter 2024 Results
- SUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share, and EBITDA of $103 million for the second quarter of 2024, compared to net income attributable to CVR Energy stockholders of $130 million, or $1.29 per diluted share, and EBITDA of $300 million for the second quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted earnings per diluted share for the second quarter of 2024 was 9 cents and adjusted EBITDA was $87 million, compared to adjusted earnings per diluted share of $1.64 and adjusted EBITDA of $347 million in the second quarter of 2023.
- 07/29/2024
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Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 07/25/2024
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Earnings Preview: CVR Energy (CVI) Q2 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2024
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5 Passive Income Stocks to Buy in July
- Investing is all about making money. And while many investors focus solely on stock price growth, there's more than one way to make money in the market.
- 07/19/2024
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CVR Energy to Release Second Quarter 2024 Earnings Results
- SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m. Eastern to discuss these results.
- 07/16/2024
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3 Sell-Rated Stocks That Wall Street Is Dead Wrong About
- When it comes down to it, it's better to trust analyst consensus rather than to always go the contrarian route. These experts know what they're talking about.
- 07/15/2024
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7 Stocks at 52-Week Lows to Snag Before They Soar
- In the stock market, finding stocks at 52-week lows with the potential to yield massive price returns is a way to capitalize on undervalued assets. Certain companies hold solid fundamental strengths and strategic adaptations that extend beyond current market sentiments.
- 07/12/2024
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CVR Energy: Despite Near-Term Headwinds, Dividend Capacity Makes Shares Attractive
- CVR Energy shares have only gained 6% in the past year and have lost 30% in the past quarter amid concerns about crack spreads. Recent financial results were mixed, with lower crack spreads impacting earnings, but CVI remains strongly cash generative. The refining macro has deteriorated, but may be bottoming out, with the potential for a rebound in crack spreads and demand.
- 06/17/2024
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3 Stocks Billionaires Are Buying Instead of Nvidia
- Last year and this year saw record numbers of institutional and retail investors pile into Nvidia (NASDAQ: NVDA ). The company's stock value has increased, along with the rise of artificial intelligence ( AI ).
- 06/03/2024
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Most Stock Screens Miss These High-Yield Dividends (Up To 16.%)
- “Special” dividends fly right under Wall Street's radar. Which is great for contrarian income seekers like us.
- 05/26/2024
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CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables Businesses
- SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the first quarter of 2024, as the Company was not yet able to determine the impacts from a fire the Wynnewood Refinery experienced the day prior to the announcement. As previously announced, the fire was extinguished shortly after it started, no employees or contractors were injured, and the operations at the Coffeyville Refinery were not impacted by the fire. After further assessment of this incident, it was determined the damages were limited to pipe racks and pumps in the area of the naphtha processing units, which damage to the pipe rack impacted service to other units. Currently, one crude unit, the fluid catalytic cracker, and the alkylation unit have been restarted and a reformer is in the process of starting up. The Company does not currently expect the fire to have a material impact to its overall financial position, and management expects that operations should return to normal by the end of the second quarter of 2024.
- 05/14/2024
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CVR (CVI) Upgraded to Strong Buy: Here's What You Should Know
- CVR (CVI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 05/02/2024
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New Strong Buy Stocks for May 2nd
- MCS, AL, AEM, INTZ and CVI have been added to the Zacks Rank #1 (Strong Buy) List on May 2, 2023.
- 05/02/2024
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Best Income Stocks to Buy for May 2nd
- CVI, AEM and MCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 2, 2023.
- 05/02/2024
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Is CVR Energy (CVI) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/01/2024
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For $10,000 in Passive Income, Invest $10,000 in These 8 Dividend Stocks
- Conventional wisdom tells us to work smarter, not harder. But how? One way for investors to do so is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.
- 05/01/2024
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CVR Energy, Inc. (CVI) Q1 2024 Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Richard Roberts - VP, Financial Planning and Analysis, and IR David Lamp - CEO Dane Neumann - CFO Conference Call Participants Manav Gupta - UBS Matthew Blair - Tudor, Pickering, Holt John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy First Quarter 2024 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 04/30/2024
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3 Energy Stocks That Could Be Heading Six-Feet Under
- The energy industry is undergoing a seismic shift in response to climate change concerns and the sustainability of fossil fuels. Although most, if not all, energy stocks are affected, these energy stocks to avoid also have other issues.
- 04/30/2024
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CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 Cents
- SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR Energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. Adjusted earnings for the first quarter of 2024 was 4 cents per diluted share compared to adjusted earnings of $1.44 per diluted share in the first quarter of 2023. Net income for the first quarter of 2024 was $90 million, compared to net income of $259 million in the first quarter of 2023. First quarter 2024 EBITDA was $203 million, compared to first quarter 2023 EBITDA of $401 million. Adjusted EBITDA for the first quarter of 2024 was $99 million, compared to Adjusted EBITDA of $334 million in the first quarter of 2023.
- 04/29/2024
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5 Broker-Admired Stocks That Investors Need to Watch
- We believe that one should keep a tab on stocks like General Motors (GM), CVR Energy (CVI), Delek US Holdings (DK), American Airlines (AAL) and Ford Motors (F).
- 04/29/2024
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More Than a Quarter of Billionaire Carl Icahn's Portfolio Is In These 3 Energy Stocks
- Icahn owns big stakes in CVR Energy, Southwest Gas Holdings, and Occidental Petroleum. Each company has different exposures, creating a diversified energy basket.
- 04/27/2024
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CVR Energy (CVI) Exceeds Market Returns: Some Facts to Consider
- In the latest trading session, CVR Energy (CVI) closed at $33.69, marking a +1.78% move from the previous day.
- 04/23/2024
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Earnings Preview: CVR Energy (CVI) Q1 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/22/2024
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CVR Energy (CVI) Advances While Market Declines: Some Information for Investors
- CVR Energy (CVI) closed the most recent trading day at $32.82, moving +0.83% from the previous trading session.
- 04/19/2024
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CVR Energy to Release First Quarter 2024 Earnings Results
- SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 30, at 1 p.m. Eastern to discuss these results.
- 04/16/2024
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5 Broker-Favored Stocks to Watch as Inflation Woes Resurface
- We believe that stocks like General Motors (GM), CVR Energy (CVI), Alaska Air (ALK), Alta Equipment (ALTG) and Bread Financial (BFH) should be on an investor's watchlist.
- 04/12/2024
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Surging Earnings Estimates Signal Upside for CVR (CVI) Stock
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 04/05/2024
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Has CVR Energy (CVI) Outpaced Other Oils-Energy Stocks This Year?
- Here is how CVR Energy (CVI) and Saipem (SAPMF) have performed compared to their sector so far this year.
- 04/05/2024
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Should Value Investors Buy CVR Energy (CVI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/05/2024
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CVR (CVI) Shows Fast-paced Momentum But Is Still a Bargain Stock
- CVR (CVI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/05/2024
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Icahn's All-In: 3 Stocks Billionaire Carl Icahn Is Betting Big On
- Billionaire investor Carl Icahn developed a reputation as a corporate raider in the 1980s but is better known today as a shareholder activist. He buys large stakes in undervalued companies to push for changes, often through gaining seats on boards of directors.
- 03/18/2024
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3 Ultra-High-Yield Dividend Stocks That Are Proven Wealth Creators
- Most stocks that pay a yield greater than the average among S&P 500 listed companies have failed to produce market-beating results. These three companies have been the exception to the rule.
- 02/27/2024
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CVR Energy (CVI) Q4 Earnings Top Estimates
- CVR Energy (CVI) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $1.68 per share a year ago.
- 02/20/2024
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5 Heavily Shorted Dividend Stocks Yielding Up To 21%
- These unloved stocks yield between 6.9% and 21.4%. These are big dividends, but not the main reason we are discussing this ignored five today.
- 02/17/2024
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New Strong Sell Stocks for February 13th
- BC, CVI and CCB have been added to the Zacks Rank #5 (Strong Sell) List on February 13, 2023.
- 02/13/2024
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Want $1000 in Passive Income? Invest $1500 in These 5 Stocks
- Work smarter, not harder, says the adage. Passive income is derived from ownership rather than labor or active involvement in an enterprise.
- 02/11/2024
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CVR Energy to Release Fourth Quarter and Full-Year 2023 Earnings Results
- SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, at 1 p.m. Eastern to discuss these results.
- 02/07/2024
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Refining & Marketing Landscape Augurs Well for These 4 Stocks
- Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing industry, we advise focusing on companies like MUSA, PBF, CVI and DK.
- 01/16/2024
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Icahn Enterprises: Avoid And Consider CVR Energy Instead
- Carl Icahn holds a large stake in Icahn Enterprises L.P., and directly or indirectly in two other companies, CVR Energy and CVR Partners. IEP cut its distribution in half in August 2023 and faced short attacks, leading to an SEC investigation. CVR Energy and CVR Partners, both MLPs, also offer high-yield distributions and have performed better than IEP over the past 3 years.
- 01/07/2024
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Will These Dividends Up To 19% Collapse Under Their Own Weight?
- As we return Mariah Carey to the ocean depths for another year, we turn our attention to our next seasonal siren—double-digit dividend stocks.
- 12/31/2023
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Should Value Investors Buy CVR Energy (CVI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/08/2023
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Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
- Here is how CVR Energy (CVI) and Crestwood Equity Partners LP (CEQP) have performed compared to their sector so far this year.
- 11/02/2023
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NOV Q3 Earnings Disappoint, Revenues Increase Year Over Year
- NOV expects revenues to increase 1-3% in the fourth quarter of 2023, with EBITDA flow-through in the low to mid-30% range.
- 10/31/2023
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CVR Energy (CVI) Tops Q3 Earnings and Revenue Estimates
- CVR Energy (CVI) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.90 per share a year ago.
- 10/30/2023
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CVR Energy's (CVI) Q3 Earnings Preview: Factors to Consider
- Strong crack spreads and lower costs are likely to have buoyed the third-quarter earnings of CVR Energy (CVI), only to be offset by a weak fertilizer market.
- 10/23/2023
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Should Value Investors Buy CVR Energy (CVI) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/23/2023
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These 3 Refining & Marketing Stocks Could be Huge Winners
- Considering the bullish outlook of the Zacks Oil and Gas - Refining & Marketing industry, we advise loading up on companies like PBF, CVI and DK.
- 10/20/2023
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CVR Energy to Release Third Quarter 2023 Earnings Results
- SUGAR LAND, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2023 earnings results on Monday, October 30, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, October 31, at 1 p.m. Eastern to discuss these results.
- 10/17/2023
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5 Stocks That Brokers Favor Despite the Ongoing Uncertainty
- We believe that stocks like Rev Group (REVG), CVR Energy (CVI), Cardinal Health (CAH), Commercial Vehicle Group (CVGI) and Archer Daniels (ADM) should be on an investor's watchlist.
- 10/16/2023
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APA Expects Strong Q3 Production and Oil Output Amid Challenges
- APA anticipates strong Q3 results, driven by Permian oil and U.K. North Sea output, with favorable pricing and a positive outlook despite challenges.
- 10/09/2023
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Are Investors Undervaluing CVR Energy (CVI) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/05/2023
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Bet on These 3 Juicy Dividend Yielding Energy Stocks
- It is the ideal time for investors to allocate money to prospective energy stocks offering attractive dividend yields. Three such stocks are Kinder Morgan (KMI), Plains GP (PAGP) & CVR Energy (CVI).
- 10/04/2023
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Earnings Estimates Rising for CVR (CVI): Will It Gain?
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 09/29/2023
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CVR Energy (CVI) Just Flashed Golden Cross Signal: Do You Buy?
- CVR Energy (CVI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CVI broke through the 20-day moving average, which suggests a short-term bullish trend.
- 09/29/2023
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Fast-paced Momentum Stock CVR (CVI) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/29/2023
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Oil Roars Higher on Bullish EIA Data, Within Sight of $100
- With oil firmly above $90 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
- 09/28/2023
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5 Stocks Favored by Brokers Amid the Current Turbulence
- We believe that stocks like CVR Energy (CVI), Delek US Holdings (DK), Bread Financial (BFH), Dish Network (DISH) and Cardinal Health (CAH) should be on an investor's watchlist.
- 09/27/2023
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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how CVR Energy (CVI) and Magellan Midstream Partners (MMP) have performed compared to their sector so far this year.
- 09/25/2023
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Capitalize on Oil's Ascent With These 3 Highly-Ranked Stocks
- CVR Energy (CVI), Solaris Oilfield Infrastructure (SOI) and Profire Energy (PFIE) trade at valuation levels that energy investors might find highly enticing.
- 09/22/2023
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Oil Price Stays Elevated Despite Fed's Interest Rate Warning
- With oil revolving around $90 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
- 09/21/2023
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CVR Energy (CVI) Is Up 6.27% in One Week: What You Should Know
- Does CVR Energy (CVI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/15/2023
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Bet on These 3 Energy Stocks With Juicy Dividend Yields
- It is the ideal time for investors to allocate money to prospective energy stocks offering attractive dividend yields. Three such stocks are Magellan (MMP), Solaris (SOI) and CVR Energy (CVI).
- 09/14/2023
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Why Fast-paced Mover CVR (CVI) Is a Great Choice for Value Investors
- CVR (CVI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 09/13/2023
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5 Broker-Friendly Stocks to Watch as Uncertainty Prevails
- We believe that stocks like CVR Energy (CVI), Delek US Holdings (DK), Bread Financial (BFH), Dish Network (DISH) and Avnet (AVT) should be on an investor's watchlist.
- 09/13/2023
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3 Energy Stocks Trading at Discount to Historical Valuations
- With a track record of successful execution and discounted valuation, MUSA, CVI and EPM are attractive options for those looking to capitalize on the energy sector's recent success.
- 09/12/2023
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Oil Rally Hits Speed Bump But Stays Above $85 on Supply Draw
- With oil pushing above $85 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
- 09/08/2023
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3 Energy Stocks Suited Nicely for Income Investors
- Energy stocks have displayed momentum over the last month, with rising oil prices helping investors find interest in the realm. And with these three, investors can reap a passive income stream.
- 09/07/2023
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4 Energy Stocks to Buy for Growth & Lofty Dividends
- With crude prices remaining higher, these oil refiners and producers look poised to benefit and have stellar dividends to support investors.
- 09/06/2023
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Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
- Here is how CVR Energy (CVI) and Evolution Petroleum (EPM) have performed compared to their sector so far this year.
- 09/06/2023
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3 Solid Dividend Energy Stocks That Surged Since the Pandemic
- Three stocks that are paying handsome dividend yields and have gained massively since the pandemic are USA Compression Partners (USAC), Sunoco LP (SUN) and CVR Energy Inc (CVI).
- 08/31/2023
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Oil Prices Pushed Up by Supply Outages, Big Inventory Draw
- With oil remaining above $80 a barrel, it would be prudent to add energy stocks like Black Stone Minerals (BSM), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
- 08/31/2023
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CVR Energy: Strong Financials And Business Outlook Bring Bright Future
- Thanks to the management's guidance for minimal capital expenditures and thus higher free cash flow prospects, their net debt is expected to continue to decrease. CVR Energy's cash structure illustrates the company's strong and healthy position to make its payments, and hence absorb its upcoming financial risks. It is expected that global nitrogen supply will grow by 1.6% by 2024, while global demand will reach a 1.0% annual growth rate. Therefore, unfavorable nitrogen prices are expected.
- 08/29/2023
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5 Broker-Favored Stocks to Watch as Market Volatility Returns
- We believe that stocks like CVR Energy (CVI), Fluor (FLR), Delek US Holdings (DK), Bread Financial (BFH) and Avnet (AVT) should be on an investor's watchlist.
- 08/28/2023
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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how CVR Energy (CVI) and Evolution Petroleum (EPM) have performed compared to their sector so far this year.
- 08/21/2023
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Are You Looking for a Top Momentum Pick? Why CVR Energy (CVI) is a Great Choice
- Does CVR Energy (CVI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/16/2023
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3 Momentum Stocks Worth a Buy Banking on the Driehaus Strategy
- Astute investors should apply the Driehaus strategy for picking the best momentum stocks. It is known as the “buy high and sell higher” theory.
- 08/15/2023
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3 Oil Stocks to Buy as Crude Prices Remain Over $80 a Barrel
- It may be time to start looking at investment options among oil and energy stocks with crude prices surging over the last month and remaining over $80 a barrel despite today's -2% dip.
- 08/10/2023
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Oil Prints YTD Highs: 2 Top Ranked Energy Stocks to Buy Now
- After leading the market in 2022, and then lagging for most of this year, energy stocks are again back in favor as oil prices have rallied nearly 20% in the last five weeks. Not surprisingly, energy has been the strongest sector in the market over the last month.
- 08/10/2023
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5 Broker-Loved Stocks to Watch Amid the Current Volatility
- We believe that broker-favored stocks like CVR Energy (CVI), Ford (F), Telephone and Data Systems (TDS), Beazer Homes (BZH) and FLEX should be on an investor's watchlist.
- 08/10/2023
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New Strong Buy Stocks for August 4th
- CVI, JJSF, IAS, DVAX and EB have been added to the Zacks Rank #1 (Strong Buy) List on August 4, 2023.
- 08/04/2023
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Best Value Stocks to Buy for August 4th
- TMHC and CVI made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 4, 2023.
- 08/04/2023
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Best Income Stocks to Buy for August 4th
- CVI, JJSF and MSA made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 4, 2023.
- 08/04/2023
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CVR Energy (CVI) Tops Q2 Earnings Estimates
- CVR Energy (CVI) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $2.45 per share a year ago.
- 07/31/2023
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5 Broker-Favored Stocks to Watch as Q2 Earnings Start Strong
- We believe that broker-friendly stocks like American Airlines (AAL), Greenbrier (GBX), Delek US Holdings (DK), CVR Energy (CVI) and Brighthouse Financial (BHF) should be on an investor's watchlist.
- 07/26/2023
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Earnings Preview: CVR Energy (CVI) Q2 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/24/2023
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CVR Energy To Release Second Quarter 2023 Earnings Results
- SUGAR LAND, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2023 earnings results on Monday, July 31, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, August 1, at 1 p.m. Eastern to discuss these results.
- 07/18/2023
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CVR Energy: Refineries, Fertilizers, Renewables, And 6% Dividend, What's Not To Like?
- CVR Energy has had a spectacular TTM (Trailing Twelve Months) financial performance, but its price has dropped considerably. CVI has a 6.4% dividend and is looking to increase it further. The company's price performance has trailed other oil companies and the market in general.
- 06/15/2023
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CVR Energy Inc. (CVI) is Attracting Investor Attention: Here is What You Should Know
- CVR (CVI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 06/13/2023
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CVR Energy: Economic Uncertainty, And Potential Dividend Cuts On The Horizon
- CVR Energy has a strong industry position and diversified business but is vulnerable to commodity pricing and potential dividend cuts. CVI's petroleum and fertilizer segments are geographically well-located and have high utilization rates, driving growth. Despite these strengths, the current economic backdrop and commodity volatility make CVR Energy a hold, not a buy, for investors.
- 06/06/2023
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CVR Energy Inc. (CVI) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching CVR (CVI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 06/02/2023
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CVR Energy says two injured employees being treated at Oklahoma hospital
- CVR Energy on Wednesday said the two employees who were injured due to fire at its 74,500 barrel-per-day refinery in Wynnewood, Oklahoma refinery are being treated at area hospitals.
- 05/24/2023
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CVR Energy Inc. (CVI) is Attracting Investor Attention: Here is What You Should Know
- CVR (CVI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/22/2023
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Top 3 U.S. Refiners On Relative Value
- Eight US refiners were compared using a value matrix with factors including valuation, FCF, debt, forward yield, and payout ratio. Although I expect refiners' earnings to remain elevated, I also expect share price volatility to continue on energy sector sentiment and broader economic concerns.
- 05/16/2023
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CVR Energy Inc. (CVI) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to CVR (CVI). This makes it worthwhile to examine what the stock has in store.
- 05/09/2023
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CVR Energy (CVI) Beats Q1 Earnings and Revenue Estimates
- CVR Energy (CVI) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.02 per share a year ago.
- 05/01/2023
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Don't Overlook These Top-Ranked Stocks as Earnings Approach
- BlackRock Capital Investment (BKCC) and CVR Energy (CVI) stock are making the case for bargain territory ahead of their first-quarter reports.
- 04/29/2023
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Investors Heavily Search CVR Energy Inc. (CVI): Here is What You Need to Know
- Zacks.com users have recently been watching CVR (CVI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 04/26/2023
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CVR Energy (CVI) Q1 Earnings on Deck: Here's How It Will Fare
- While strong performance from both its segments is likely to have boosted CVR Energy's (CVI) profit in the first quarter, escalation in costs might have offset some of the positives.
- 04/26/2023
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5 Broker-Friendly Stocks to Monitor Amid Current Uncertainty
- We believe that broker-favorite stocks like American Airlines (AAL), Delta (DAL), CVR Energy (CVI), Cleveland-Cliff (CLF) and Delek US Holdings (DK) should be on an investor's watchlist.
- 04/21/2023
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CVR Energy to Release First Quarter 2023 Earnings Results
- SUGAR LAND, Texas, April 18, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2023 earnings results on Monday, May 1, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, May 2, at 1 p.m. Eastern to discuss these results.
- 04/18/2023
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Is CVR Energy (CVI) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/17/2023
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Buy These 2 Highly Ranked Oil Stocks to Join the Rally
- Several weeks ago, OPEC+ announced a large cut in oil production, and prices haven't stopped rallying since. The price of WTI Oil is breaking out of a bull flag after retaking the $80/barrel level.
- 04/13/2023
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Here is What to Know Beyond Why CVR Energy Inc. (CVI) is a Trending Stock
- Zacks.com users have recently been watching CVR (CVI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 04/13/2023
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CVR Energy (CVI) Recently Broke Out Above the 50-Day Moving Average
- CVR Energy (CVI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CVI broke out above the 50-day moving average, suggesting a short-term bullish trend.
- 04/12/2023
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Why CVR (CVI) Might be Well Poised for a Surge
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 04/11/2023
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CVR Energy (CVI) Just Overtook the 20-Day Moving Average
- CVR Energy (CVI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CVI broke through the 20-day moving average, which suggests a short-term bullish trend.
- 04/11/2023
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5 Stocks Worth a Look Post Broker Upgrade Amid Volatility
- We believe that broker-favorite stocks like CVR Energy (CVI), American Airlines (AAL), Bloomin' Brands (BLMN), Abercrombie & Fitch (ANF) and Cleveland-Cliff (CLF) should be on an investor's watchlist.
- 04/05/2023
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OPEC Cuts Production Targets: Time to Get into Oil Stocks?
- With production cut of over a million barrels per day starting in May, prices are set to move higher.
- 04/03/2023
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CVR Energy: Despite Economic Concerns, Dividend Growth Should Continue
- Due to never-before-seen refining margins, 2022 was very profitable for CVR Energy but economic concerns do not create a positive backdrop going forwards into 2023. At least their guidance for 2023 capital expenditure shows minimal spending, which helps generate free cash flow.
- 04/03/2023
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These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 03/28/2023
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3 Highly Ranked Energy Stocks to Buy Now
- Several energy stocks look to be setting up for another rally
- 03/27/2023
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3 Stocks for Oil and Gas Contrarians to Buy
- Last week OPEC publicly committed to significantly cutting production
- 03/21/2023
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5 Broker-Favorite Stocks to Watch Amid Ongoing Banking Woes
- We believe that broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), Delek US Holdings (DK), Brighthouse Financial (BHF) and Abercrombie & Fitch (ANF) are worth a look.
- 03/21/2023
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U.S. Oil Refining Stocks Ranked By Quality
- Recent gloomy economic conditions are an opportunity to hunt bargains and position your portfolio for market beating future returns. Based on valuation, profitability, and durable demand, the US refining sector is a good place to look for value and solid future returns.
- 03/18/2023
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Buy the Dip in these Oil & Energy Stocks with Crude Prices Under $70
- Here is a look at two Zacks Rank #1 (Strong Buy) Oils & Energy stocks that investors may want to consider as their earnings estimate revisions have trended higher despite crude oil prices declining.
- 03/17/2023
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Carl Icahn's Top Energy Holdings as of the 4th Quarter
- According to current portfolio statistics, a Premium feature of GuruFocus, the top energy companies in Carl Icahn (Trades, Portfolio)'s fourth-quarter 2022 13F equity portfolio are Occidental Petroleum Corp. ( OXY , Financial), CVR Energy Inc. ( CVI , Financial), SandRidge Energy Inc. ( SD , Financial) and Cheniere Energy Inc. ( LNG , Financial).
- 03/16/2023
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3 Momentum Anomaly Picks as Silicon Valley Bank Rattles Market
- Steel Dynamics (STLD), Primerica (PRI) and CVR Energy (CVI) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 03/14/2023
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Surging Earnings Estimates Signal Upside for CVR (CVI) Stock
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 03/07/2023
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5 Broker-Friendly Stocks to Watch as Inflation Stays Hot
- We believe that broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), Beazer Homes USA (BZH), Asbury Automotive (ABG) and Avnet (AVT) are worth a look.
- 03/03/2023
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CVR (CVI) Is Attractively Priced Despite Fast-paced Momentum
- CVR (CVI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 03/02/2023
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Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
- Here is how CVR Energy (CVI) and Valero Energy (VLO) have performed compared to their sector so far this year.
- 02/27/2023
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CVR Energy, Inc. (CVI) Q4 2022 Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI ) Q4 2022 Results Conference Call February 22, 2023 1:00 PM ET Company Participants Richard Roberts - IR Dave Lamp - CEO Dan Newman - CFO Conference Call Participants John Royall - JP Morgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy Fourth Quarter 2022 Conference Call. [Operator Instructions].
- 02/22/2023
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CVR Energy (CVI) Q4 Earnings and Revenues Surpass Estimates
- CVR (CVI) delivered earnings and revenue surprises of 20% and 16.66%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/21/2023
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New Strong Buy Stocks for February 21st
- EMBC, INSP, REPYY, BZLFY and CVI have been added to the Zacks Rank #1 (Strong Buy) List on February 21, 2023.
- 02/21/2023
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Best Value Stocks to Buy for February 21st
- REPYY, BZLFY and CVI made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 21, 2023.
- 02/21/2023
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Best Income Stocks to Buy for February 21st
- REPYY, BZLFY and CVI made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 21, 2023.
- 02/21/2023
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CVR Energy to Release Fourth Quarter and Full-Year 2022 Earnings Results
- SUGAR LAND, Texas, Feb. 08, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2022 earnings results on Tuesday, February 21, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 22, at 1 p.m. Eastern to discuss these results.
- 02/08/2023
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Will CVR (CVI) Beat Estimates Again in Its Next Earnings Report?
- CVR (CVI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 02/07/2023
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CVR Energy Poised To Outperform CVR Partners
- Few stocks approach the level of engagement generated by CVR Partners on Seeking Alpha. Investors are eagerly awaiting massive dividends in 2023 and news regarding a spin-off of the CVR Energy stake in CVR Partners.
- 01/25/2023
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These Are the 10 Best Performing Energy Companies in 2022
- Energy stocks have had a remarkable 2022, driven by high oil and natural gas prices due to tight supplies and rising demand.
- 12/29/2022
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CVR Energy Inc. (CVI) is Attracting Investor Attention: Here is What You Should Know
- CVR (CVI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/24/2022
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5 Broker-Favorite Stocks to Tide Over the Market Tempest
- Broker-favorite stocks like Country Healthcare (CCRN), CVR Energy (CVI), Delek US Holdings (DK), Boise Cascade (BCC) and Builders FirstSource (BLDR) should be on an investor's watch list.
- 11/23/2022
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CVR Energy (CVI) Crossed Above the 20-Day Moving Average: What That Means for Investors
- Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?
- 11/14/2022
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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how CVR Energy (CVI) and HF Sinclair (DINO) have performed compared to their sector so far this year.
- 11/11/2022
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Why Fast-paced Mover CVR (CVI) Is a Great Choice for Value Investors
- CVR (CVI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 11/09/2022
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5 Broker-Favorite Stocks to Bank on as Market Unrest Continues
- Broker-favorite stocks like American Airlines(AAL), Delta (DAL), CVR Energy (CVI), Covenant Logistics (CVLG) and Cross Country Healthcare (CCRN) are worth retaining in your portfolio amid market disruptions.
- 11/08/2022
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CVR Energy: Billionaire Carl Icahn Backed With Gasoline Tailwinds
- CVR Energy is a diversified company which is in the oil refinery and fertilizer business. Billionaire Investing legend Carl Icahn of Icahn Capital Management owns approximately 70% of all outstanding share.
- 11/07/2022
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CVR Energy, Inc. (CVI) Q3 2022 Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI ) Q3 2022 Earnings Conference Call November 1, 2022 1:00 PM ET Company Participants Richard Roberts - Vice President of FP&A and IR Dave Lamp - President, CEO & Director Dane Neumann - EVP, CFO, Treasurer & Assistant Secretary Conference Call Participants Matthew Blair - TPH John Royall - JPMorgan Carly Davenport - Goldman Sachs Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy, Inc. Third Quarter 2021 Conference Call. At this time, all participants are in a listen-only mode.
- 11/01/2022
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CVR Energy (CVI) Q3 Earnings and Revenues Beat Estimates
- CVR (CVI) delivered earnings and revenue surprises of 6.74% and 19.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/31/2022
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Investors Heavily Search CVR Energy Inc. (CVI): Here is What You Need to Know
- CVR (CVI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 10/26/2022
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Billionaire Makes Bank: Carl Icahn Boasts A 30% Return Despite 2022's Market Crash - CVR Energy (NYSE:CVI), Chicago Rivet & Machine (AMEX:CVR)
- Billionaire Carl Icahn saw the net asset value of Icahn Enterprises (NASDAQ: IEP) increase by nearly 30% in the first six months
- 10/25/2022
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Check 5 Broker-Friendly Stocks for Returns Amid Market Chaos
- Broker-favorite stocks like American Airlines (AAL), Delta (DAL), CVR Energy (CVI), Bunge Limited (BG) and Cardinal Health (CAH) should be on an investor's watch list.
- 10/21/2022
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CVR (CVI) Shows Fast-paced Momentum But Is Still a Bargain Stock
- CVR (CVI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/19/2022
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CVR Energy to Release Third Quarter Earnings Results
- SUGAR LAND, Texas, Oct. 18, 2022 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2022 earnings results on Monday, Oct. 31, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, Nov. 1, at 1 p.m. Eastern to discuss these results.
- 10/18/2022
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Here is What to Know Beyond Why CVR Energy Inc. (CVI) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to CVR (CVI). This makes it worthwhile to examine what the stock has in store.
- 10/13/2022
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Is Food Inflation Here to Stay?
- Food producers continue to see significant challenges indicating that food price inflation is likely to persist.
- 10/11/2022
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5 Broker-Friendly Stocks to Watch Despite Market Mayhem
- Broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), C.H. Robinson (CHRW), Ford (F) and DISH Network (DISH) should be on an investor's watch list.
- 10/06/2022
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Is Trending Stock CVR Energy Inc. (CVI) a Buy Now?
- CVR (CVI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 09/28/2022
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Best Value Stocks to Buy for September 23rd
- CVI, CIXX and OXM made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 23, 2022.
- 09/23/2022
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Best Income Stocks to Buy for September 23rd
- ARR, CVI and CIXX made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 23, 2022.
- 09/23/2022
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New Strong Buy Stocks for September 23rd
- CVI, ARR, BCBP, OXM, and NFG have been added to the Zacks Rank #1 (Strong Buy) List on September 23, 2022.
- 09/23/2022
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5 Broker-Friendly Stocks to Watch as Inflation Stays Red Hot
- Broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), Builders FirstSource (BLDR), McKesson (MCK) and Beacon Roofing Supply (BECN) should be on investors' watch list amid flared-up inflation.
- 09/15/2022
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Is Most-Watched Stock CVR Energy Inc. (CVI) Worth Betting on Now?
- CVR (CVI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 09/14/2022
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CVR Energy (CVI) Recently Broke Out Above the 20-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 09/12/2022
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Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
- Here is how CVR Energy (CVI) and HF Sinclair (DINO) have performed compared to their sector so far this year.
- 09/07/2022
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5 Broker-Friendly Stocks to Buy as Market-Volatility Stays
- Broker-favorite stocks like ArcBest (ARCB), Clearwater Paper (CLW), CVR Energy (CVI), Ashford Hospitality (AHT) and Hibbett (HIBB) are worth adding to your portfolio.
- 08/31/2022
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Earnings Estimates Moving Higher for CVR (CVI): Time to Buy?
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/23/2022
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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how CVR Energy (CVI) and HF Sinclair (DINO) have performed compared to their sector so far this year.
- 08/22/2022
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CVR Energy (CVI) Just Reclaimed the 20-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
- 08/19/2022
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Hot Fund Beats 97% Of Direct Rivals Despite Recession Threat
- How do some mutual funds thrive in the face of a recession? Towle Deep Value Fund uses a contrarian strategy to beat the broad market.
- 08/18/2022
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CVR Energy: Their Recovery Is Now Complete
- CVR Energy enjoyed booming operating conditions during the first half of 2022, which saw their quarterly dividends reinstated. Their surging cash flow performance almost matched their full-year results from 2019, despite being only half the length of time.
- 08/13/2022
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Fast-paced Momentum Stock CVR (CVI) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 08/10/2022
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Is CVR Energy (CVI) Outperforming Other Oils-Energy Stocks This Year?
- Here is how CVR Energy (CVI) and HF Sinclair (DINO) have performed compared to their sector so far this year.
- 08/05/2022
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CVR Energy, Inc., (CVI) CEO Dave Lamp on Q2 2022 Results - Earnings Call Transcript
- CVR Energy, Inc., (NYSE:CVI ) Q2 2022 Results Conference Call August 2, 2022 1:00 PM ET Company Participants Richard Roberts - Vice President of FP&A and IR Dave Lamp - President, CEO & Director Dane Neumann - EVP, CFO, Treasurer & Assistant Secretary Conference Call Participants Carly Davenport - Goldman Sachs Manav Gupta - Credit Suisse John Royall - JPMorgan Matthew Blair - Tudor, Pickering and Holt Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy, Inc., Second Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode.
- 08/02/2022
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CVR Energy (CVI) Q2 Earnings and Revenues Surpass Estimates
- CVR (CVI) delivered earnings and revenue surprises of 16.67% and 36.48%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/01/2022
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Top 5 Mid-Cap Momentum Stocks to Gain Defying Volatility
- We have narrowed our search to five mid-cap momentum stocks that have solid upside left for the rest of 2022. These are: WH, HHC, GEF, CVI and CAR.
- 07/13/2022
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Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
- Here is how CVR Energy (CVI) and Continental Resources (CLR) have performed compared to their sector so far this year.
- 07/04/2022
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Strength Seen in CVR (CVI): Can Its 5.2% Jump Turn into More Strength?
- CVR (CVI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 06/27/2022
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3 Stocks to Avoid This Week
- These investments seem pretty vulnerable right now.
- 06/20/2022
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Rating 9 Oil Stocks With the Highest Dividends
- With the hydrocarbon industry suddenly becoming relevant, here are the oil stocks to consider based on their dividends. The post Rating 9 Oil Stocks With the Highest Dividends appeared first on InvestorPlace.
- 06/20/2022
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Why Fast-paced Mover CVR (CVI) Is a Great Choice for Value Investors
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/16/2022
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Here's Why Momentum Investors Will Love CVR Energy (CVI)
- Does CVR Energy (CVI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 06/08/2022
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Can Energy Stocks Move Higher?
- The energy sector remains undervalued despite the recent surge in prices which is a sign of further upside potential.
- 06/08/2022
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CVR Energy: Favorable Refining Crack Spreads And Low Inventory
- There's a lack of adequate refining capacity because of refinery closures due to COVID-19, natural disasters, and the economic reality of the last few years. As a result, refiners are now in an excellent position to profit from crack spreads that have blown out - especially for diesel.
- 06/07/2022
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Find Strong Stocks for the Summer with this 'First Profit' Screen
- Let's use our Zacks 'First Profit' screen to find strong stocks that have recently turned things around in a big way.
- 06/07/2022
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CVR Energy: Supported By Oil Prices
- CVI's earnings have soared. Oil market prices have been highly beneficial.
- 06/07/2022
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Earnings Estimates Rising for CVR (CVI): Will It Gain?
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/06/2022
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CVR (CVI) Is Attractively Priced Despite Fast-paced Momentum
- CVR (CVI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/30/2022
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Here Is Why Bargain Hunters Would Love Fast-paced Mover CVR (CVI)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/12/2022
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CVR Energy (CVI) Is Up 30.47% in One Week: What You Should Know
- Does CVR Energy (CVI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/09/2022
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Why CVR (CVI) Might be Well Poised for a Surge
- CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/05/2022
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CVR Energy, Inc. (CVI) CEO David Lamp on Q1 2022 Results - Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI ) Q1 2022 Earnings Conference Call May 3, 2022 1:00 PM ET Company Participants Richard Roberts - IR Officer David Lamp - President, CEO & Director Dane Neumann - EVP, CFO, Treasurer & Assistant Secretary Conference Call Participants Philip Gresh - JPMorgan Chase & Co. Carly Davenport - Goldman Sachs Group Manav Gupta - Crédit Suisse Matthew Blair - Tudor, Pickering, Holt & Co. Matthew Vittorioso - Jefferies Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy First Quarter 2022 Conference Call. [Operator Instructions].
- 05/03/2022
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CVR Energy (CVI) Tops Q1 Earnings and Revenue Estimates
- CVR (CVI) delivered earnings and revenue surprises of 120% and 33.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/02/2022
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Has CVR Energy (CVI) Outpaced Other Oils-Energy Stocks This Year?
- Here is how CVR Energy (CVI) and Crescent Point Energy (CPG) have performed compared to their sector so far this year.
- 04/26/2022
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Fast-paced Momentum Stock CVR (CVI) Is Still Trading at a Bargain
- CVR (CVI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/26/2022
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Despite Fast-paced Momentum, CVR (CVI) Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/05/2022
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Here's Why CVR Energy (CVI) is a Great Momentum Stock to Buy
- Does CVR Energy (CVI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/04/2022
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Best-Performing Stocks of the Top ETF of March
- SPDR S&P Oil & Gas Exploration & Production ETF (XOP) topped the list of the best-performing U.S. equity ETFs in January, gaining about 23%.
- 03/31/2022
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Fast-paced Momentum Stock CVR (CVI) Is Still Trading at a Bargain
- CVR (CVI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 03/18/2022
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CVR Energy: 2022 Is Looking Bright After Another Tough Year
- After CVR Energy enjoyed a reprieve during the third quarter of 2021, it seems this did not continue into the fourth quarter.
- 03/16/2022
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CVR (CVI) Surges 11.1%: Is This an Indication of Further Gains?
- CVR (CVI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 03/09/2022
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Why Is Indonesia Energy (INDO) Stock Up Today?
- Indonesia Energy is up a jaw-dropping 100%-plus as oil surges due to the Russia-Ukraine conflict. Here's what's happening with INDO stock.
- 03/04/2022
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CVR Energy (CVI) Reports Q4 Loss, Tops Revenue Estimates
- CVR (CVI) delivered earnings and revenue surprises of -500% and 18.24%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/22/2022
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Why CVR Energy (CVI) Might Surprise This Earnings Season
- CVR Energy (CVI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/17/2022
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CVR Energy (CVI) Reports Next Week: Wall Street Expects Earnings Growth
- CVR (CVI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/15/2022
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CVR Energy to Release Fourth Quarter and Full-year 2021 Earnings Results
- SUGAR LAND, Texas, Feb. 08, 2022 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2021 earnings results on Tuesday, February 22, before the open of New York Stock Exchange trading. The Company also will host a teleconference call on Tuesday, February 22, at 1 p.m. Eastern to discuss these results.
- 02/08/2022
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Carl Icahn Ups Dana Stake as He Gains 2 Board Seats
- After boosting the stake in Dana Inc. ( DAN , Financial) during the third quarter, renowned investor Carl Icahn (Trades, Portfolio) disclosed this week he further increased his firm's position by 0.05%.
- 01/07/2022
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7 of the Best Oil Stocks for 2022 to Buy Now
- Should the economic recovery narrative skip past omicron and market crash fears, these oil stocks could be big beneficiaries. The post 7 of the Best Oil Stocks for 2022 to Buy Now appeared first on InvestorPlace.
- 12/31/2021
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CVR Energy: Third Quarter Was Not Really That Bad
- The share price of CVR Energy plunged upwards of 15% when missing earnings expectations for the third quarter of 2021. When considering their cash-based results, the third quarter was not really that bad.
- 11/20/2021
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Carl Icahn's Firm Further Downsizes Delek US Stake
- After trimming back its stake in Delek US Holdings Inc. ( DK , Financial) earlier this year, renowned investor Carl Icahn (Trades, Portfolio) disclosed this week he further reduced his firm's position by 5.86%.
- 11/10/2021
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CVR Energy, Inc. (CVI) CEO David Lamp on Q3 2021 Results - Earnings Call Transcript
- CVR Energy, Inc. (CVI) CEO David Lamp on Q3 2021 Results - Earnings Call Transcript
- 11/02/2021
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CVR Energy (CVI) Reports Q3 Loss, Tops Revenue Estimates
- CVR (CVI) delivered earnings and revenue surprises of -700.00% and 9.65%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2021
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Will CVR Energy (CVI) Report Negative Earnings Next Week? What You Should Know
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/25/2021
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CVR Energy To Release Third Quarter 2021 Earnings Results
- SUGAR LAND, Texas, Oct. 19, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2021 earnings results on Monday, November 1, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, November 2, at 1 p.m. Eastern to discuss these results.
- 10/19/2021
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CVR Energy Names Dane Neumann Executive Vice President & Chief Financial Officer
- SUGAR LAND, Texas, Oct. 12, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that Dane Neumann has been named Executive Vice President and Chief Financial Officer of the Company. Neumann also will serve as Executive Vice President and Chief Financial Officer of the general partner of CVR Energy's nitrogen fertilizer affiliate, CVR Partners, LP (the “Partnership”) (NYSE: UAN). Neumann's appointments were effective October 6, 2021. In this position, Neumann will lead all aspects of the finance and accounting functions for CVR Energy and its subsidiaries.
- 10/12/2021
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5 Carl Icahn Energy Stocks With High Year-to-Date Gains
- In light of U.S. crude oil prices hitting a new year-to-date high, five energy holdings in Carl Icahn (Trades, Portfolio)'s equity portfolio with high returns are Occidental Petroleum Corp. ( OXY , Financial), Cheniere Energy Inc. ( LNG , Financial), CVR Energy Inc. ( CVI , Financial), Delek US Holdings Inc. ( DK , Financial) and SandRidge Energy Inc. ( SD , Financial).
- 10/11/2021
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Carl Icahn: The Tech Investor That Missed Out
- Carl Icahn (Trades, Portfolio) was one of the most successful investors of the last century. Unlike many other Wall Street elites, Icahn, who grew up in Queens, could not tap wealthy family members and friends to start his career.
- 10/07/2021
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CVR Energy: Waiting On The EPA For More Dividends
- Following CVR Energy paying their massive special dividend, it was hoped that they would reinstate regular quarterly dividends, but alas this has not eventuated.
- 09/06/2021
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CVR Energy, Inc. (CVI) CEO Dave Lamp on Q2 2021 Results - Earnings Call Transcript
- CVR Energy, Inc. (CVI) CEO Dave Lamp on Q2 2021 Results - Earnings Call Transcript
- 08/03/2021
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CVR Energy (CVI) Reports Q2 Loss, Tops Revenue Estimates
- CVR (CVI) delivered earnings and revenue surprises of 57.33% and 56.11%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/02/2021
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Recap: CVR Energy Q2 Earnings
- Shares of CVR Energy (NYSE:CVI) increased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 27.27% over the past year to ($0.32), which beat the estimate of ($0.33).
- 08/02/2021
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CVR Energy Reports Second Quarter 2021 Results
- SUGAR LAND, Texas, Aug. 02, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced a net loss of $6 million, or 6 cents per diluted share, on net sales of $1.8 billion for the second quarter of 2021, compared to net loss of $5 million, or 5 cents per diluted share, inclusive of a $41 million pre-tax charge related to a goodwill impairment recognized within its Nitrogen Fertilizer Segment, on net sales of $675 million for the second quarter of 2020. Second quarter 2021 EBITDA was $102 million, compared to second quarter 2020 EBITDA of $68 million.
- 08/02/2021
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Earnings Preview: CVR Energy (CVI) Q2 Earnings Expected to Decline
- CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/26/2021
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CVR Energy Announces New Time for Second Quarter 2021 Earnings Conference Call
- SUGAR LAND, Texas, July 22, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) has changed the time of its second quarter 2021 earnings conference call to 3 p.m. Eastern on Tuesday, August 3. During the call, the Company will discuss its second quarter 2021 earnings results, which will be released on Monday, August 2, after the close of trading on the New York Stock Exchange.
- 07/22/2021
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Why CVR Energy Stock Dropped 20% at the Open Today
- A corporate action created a complicated price move in the stock.
- 06/11/2021
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CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders
- SUGAR LAND, Texas, June 10, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that it has determined the amount of cash per share of its common stock to which each of its stockholders is entitled in connection with the previously announced special dividend of $492 million, to be paid in a combination of cash (the “Cash Distribution”) and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The Company will distribute an aggregate amount of approximately $242 million, or $2.40 per share of the Company's common stock, pursuant to the Cash Distribution and 10,539,880 shares of Delek common stock, which represented approximately 14.3% of the outstanding shares of Delek common stock, pursuant to the Stock Distribution.
- 06/10/2021
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Carl Icahn Downsizes Delek Stake
- Having held the position steady for over a year, Carl Icahn (Trades, Portfolio) disclosed earlier this week he reduced his firm's stake in Delek US Holdings Inc. ( DK , Financial) by 29.21%.
- 06/02/2021
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CVR Energy Determines Stock Ratio for Distribution of Delek US Holdings Common Stock to CVR Energy Stockholders in Connection With Special Dividend
- SUGAR LAND, Texas, May 27, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced the final ratio for the Stock Distribution (defined below) portion of its previously announced special dividend of $492 million, which is payable in a combination of cash and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The special dividend will be paid on June 10, 2021 (the “Distribution Date”). In the Stock Distribution, the Company will distribute 0.1048 of a share of Delek common stock for each share of the Company's common stock outstanding as of the close of business on May 26, 2021 (the “Record Date”). The final Stock Distribution ratio was calculated by dividing the 10,539,880 shares of Delek common stock to be distributed by 100,530,599 shares of CVR Energy common stock outstanding as of the close of business on the Record Date. No fractional shares of Delek common stock will be distributed. Instead, stockholders will receive cash in lieu of any fractional share of Delek common stock that they otherwise would have received. The Company intends to announce the amount of cash per share of its common stock to which each of its stockholders will be entitled on the Distribution Date.
- 05/27/2021
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Strength Seen in CVR (CVI): Can Its 8.5% Jump Turn into More Strength?
- CVR (CVI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 05/13/2021
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CVR Energy: Dividends Roar Back With Massive Special Dividend, A Consistent 10% Yield May Follow
- CVR Energy: Dividends Roar Back With Massive Special Dividend, A Consistent 10% Yield May Follow
- 05/12/2021
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CVR Energy, Inc. (CVI) CEO David Lamp on Q1 2021 Results - Earnings Call Transcript
- CVR Energy, Inc. (CVI) CEO David Lamp on Q1 2021 Results - Earnings Call Transcript
- 05/04/2021
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CVR Energy (CVI) Reports Q1 Loss, Tops Revenue Estimates
- CVR (CVI) delivered earnings and revenue surprises of -8.13% and 45.99%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2021
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CVR Energy Reports First Quarter 2021 Results
- SUGAR LAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $39 million, or 39 cents per diluted share, on net sales of $1.5 billion for the first quarter of 2021, compared to net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the first quarter of 2020. First quarter 2021 EBITDA was less than $1 million, compared to a first quarter 2020 EBITDA loss of $38 million.
- 05/03/2021
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CVR Energy to Release First Quarter 2021 Earnings Results
- SUGAR LAND, Texas, April 20, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2021 earnings results on Monday, May 3, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, May 4, at 1 p.m. Eastern to discuss these results.
- 04/20/2021
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CVR Energy Is In The Wrong With Battle Against Delek US Holdings
- CVR Energy Is In The Wrong With Battle Against Delek US Holdings
- 04/15/2021
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CVR Energy Releases Open Letter to Uzi Yemin, Chairman of the Board of Delek US Holdings, lnc.
- SUGAR LAND, Texas, March 19, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today released the following open letter to Uzi Yemen, Chairman of the Board of Delek US Holdings, Inc. (NYSE: DK):
- 03/19/2021
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CVR Energy, Inc. (CVI) CEO Dave Lamp on Q4 2020 Results - Earnings Call Transcript
- CVR Energy, Inc. (CVI) CEO Dave Lamp on Q4 2020 Results - Earnings Call Transcript
- 02/23/2021
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CVR Energy Reports Fourth Quarter and Full-Year 2020 Results
- SUGAR LAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced a fourth quarter 2020 net loss of $67 million, or 67 cents per diluted share, on net sales of $1.1 billion, compared to net income of $44 million, or 44 cents per diluted share, on net sales of $1.6 billion for the fourth quarter of 2019. Fourth quarter 2020 EBITDA was $1 million, compared to fourth quarter 2019 EBITDA of $142 million.
- 02/22/2021
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Preview: CVR Energy's Earnings
- CVR Energy (NYSE:CVI) unveils its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for the earnings announcement.
- 02/19/2021
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CVR Energy to Release Fourth Quarter and Full-year 2020 Earnings Results
- SUGAR LAND, Texas, Feb. 09, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2020 earnings results on Monday, Feb. 22, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, Feb. 23, at 1 p.m. Eastern to discuss these results.
- 02/09/2021
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Carl Icahn Boosts Icahn Enterprises Stake
- Carl Icahn (Trades, Portfolio) has revealed a boost in his stake of Icahn Enterprises LP (NASDAQ:IEP) according to GuruFocus' Real-Time Picks, a Premium feature.
- 12/31/2020
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CVR Energy (CVI) to Continue Working on $110M Conversion Project
- CVR Energy (CVI) receives board clearance to carry forward its renewable diesel plant project that will allow the refinery to produce renewable diesel.
- 12/28/2020
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Icahn Enterprises: Too High A Premium For Genius
- Icahn Enterprises: Too High A Premium For Genius
- 12/21/2020
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CVR Energy Announces Full Board Approval for Wynnewood Renewable Diesel Unit Project
- SUGAR LAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that it has received full approval from the Company's Board of Directors for its Wynnewood renewable diesel project, which will convert the refinery's hydrocracker unit for renewable diesel service. Upon completion, which is expected in mid-2021, the Wynnewood refinery should have the capability to produce nearly 100 million gallons of renewable diesel per year and more than 6 million gallons of renewable naphtha per year, significantly reducing its annual Renewable Identification Number (“RIN”) exposure under the Clean Air Act's Renewable Fuel Standard (“RFS”).
- 12/21/2020
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CVR Energy: Time To Consider This Cyclical Play
- CVR Energy has been beaten up pretty hard in recent months, with the market cap of the firm priced at just $1.38 billion. The cash flow picture has been rather disappointing compared to years past, but given the volatility of the industry that picture will eventually change.
- 11/13/2020
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CVR Energy, Inc. (CVI) CEO Dave Lamp on Q3 2020 Results - Earnings Call Transcript
- CVR Energy, Inc. (CVI) CEO Dave Lamp on Q3 2020 Results - Earnings Call Transcript
- 11/03/2020
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CVR Energy Reports Third Quarter 2020 Results
- SUGAR LAND, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $96 million, or 96 cents per diluted share, on net sales of $1.0 billion for the third quarter of 2020, compared to net income of $119 million, or $1.18 per diluted share, on net sales of $1.6 billion for the third quarter of 2019. Third quarter 2020 EBITDA was a loss of $39 million, compared to third quarter 2019 EBITDA of $235 million.
- 11/02/2020
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CVR Energy's Earnings Outlook
- CVR Energy (NYSE: CVI) announces its next round of earnings this Monday, November 02. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.
- 10/30/2020
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Global Calcium Nitrate Market Trajectory & Analytics Report 2020: Market Is Projected to Reach US$11.6 Billion by 2025, Driven Largely by Its Widespread Use in Fertilization and Plant Nutrition - ResearchAndMarkets.com
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CVR Energy (NYSE:CVI) Shares Down 6.4%
- CVR Energy, Inc. (NYSE:CVI) dropped 6.4% on Friday . The company traded as low as $11.85 and last traded at $11.85. Approximately 651,943 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 844,327 shares. The stock had previously closed at $12.66. CVI has been the subject of a […]
- 10/18/2020
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Icahn sees energy sector rebound but urges patience
- Icahn sees energy sector rebound but urges patience
- 10/08/2020
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bluebird bio Should Be On Your Radar With Multiple Catalysts Expected This Year And 2021 (NASDAQ:BLUE)
- ZYNTEGLO has received conditional approval in Europe for those with transfusion-dependent beta-thalassemia.
- 09/25/2020
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Fertilizer industry contributes $130B to U.S. economy
- The Fertilizer Institute conducts economic impact study on fertilizer in U.S.
- 09/24/2020
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U.S. Food and Drug Administration (FDA) Accepts for Priority Review Bristol Myers Squibb and bluebird bio Application for Anti-BCMA CAR T Cell Therapy Idecabtagene Vicleucel (Ide-cel, bb2121)
- Bristol Myers Squibb (NYSE: BMY) and bluebird bio, Inc. (Nasdaq: BLUE) today announced that the U.S. Food and Drug Administration (FDA) has accepted for...
- 09/22/2020
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Tudor Investment Corp Et Al Cuts Stock Position in CVR Energy, Inc. (NYSE:CVI)
- Tudor Investment Corp Et Al cut its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 68.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,619 shares of the oil and gas company’s stock after selling 81,999 shares during the period. […]
- 09/14/2020
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Tracking Carl Icahn's Portfolio - Q2 2020 Update
- Carl Icahn's 13F portfolio value increased from $18B to $19.72B this quarter. HP Inc.
- 08/27/2020
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Merchant Refiners' RIN Expenses Are Rebounding Strongly In 2020
- Merchant refiners are on track to collectively incur their third-highest RIN expenditure amount of the last decade in 2020, based on reported expenditures for the first half of the year.
- 08/17/2020
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Phillips 66 Aims For The Top Of The Renewable Diesel Market
- Phillips 66 announced last week its intention to eliminate petroleum use at its San Francisco Refinery, which will be converted entirely to renewable diesel production.
- 08/17/2020
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Lebanon: Another "mysterious explosion" followed by riots aimed to topple the government
- Recall the recent "mysterious" explosions in Iran? Immediately following them, there was a supposedly "spontaneous up-rising" against Hassan
- 08/13/2020
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Phillips 66 to reconfigure California refinery for renewable fuels
- U.S. refiner Phillips 66 said on Wednesday it plans to reconfigure its refinery in Rodeo, California to produce renewable fuels from used cooking oil, fats, greases and soybean oils. The refiner expects the Rodeo Renewed project to produce 680 million gallons of renewable diesel, renewable gasoline and sustainable jet fuel annually. Combined with the production of renewable fuels from an existing project in development, the plant would produce more than 800 million gallons a year of renewable fuels, it said.
- 08/12/2020
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PFENEX ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of PFNX and Encourages Investors to Contact the Firm
- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of
- 08/11/2020
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CVR Energy Inc. -- Moody's announces completion of a periodic review of ratings of CVR Energy Inc.
- Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CVR Energy Inc. New York, August 10, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CVR Energy Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 08/10/2020
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Carl Icahn Boosts Stakes in Xerox, Occidental
- Renowned activist guru adds to 2 of his top holdings Continue reading...
- 08/10/2020
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Merger Arbitrage Mondays - Merger Activity Kicks Into High Gear
- Merger activity remained steady last week with four new deals announced. The merger of Livongo Health (LVGO) and Teladoc Health (TDOC).
- 08/10/2020
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Ligand to Acquire Pfenex Inc.
- Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) and Pfenex Inc. (NYSE American: PFNX) today announced the signing of a definitive agreement for Lig
- 08/10/2020
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Expert who probed Mangalore crash lists likely reasons for Kozhikode mishap
- Bhushan Gokhale said that the inquiry panel will also look into why pilots had to take the decision to land compulsorily in Kozhikode if visibility was a problem there
- 08/09/2020
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Black box of crashed AI Express flight in Kerala recovered, toll rises to 18
- The AIE flight(IX-1344) from Dubai with 190 people on board including a 6-member crew overshot the table-top runway on Friday night while landing at the international airport in Karipur, about 30 km from here, in neighbouring Malappuram district and fell into a valley 35 feet below and broke into two portions. Of the 149 people who are injured and are in various hospitals, 23 of them are in critical condition while another 23 have been discharged after initial medical assistance, an official said.
- 08/08/2020
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Kozhikode crash: Retrieved black box of Air India flight could give clarity, probe underway
- The Air India Express flight from Dubai with 190 people onboard overshot the tabletop runway at the international airport in Karipur, about 30 kms from Kozhikode in Kerala.
- 08/08/2020
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Icahn Enterprises (IEP) Q2 2020 Earnings Call Transcript | The Motley Fool
- IEP earnings call for the period ending June 30, 2020.
- 08/07/2020
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Could a disastrous fertiliser mega-explosion happen in Britain?
- Explosives and safety experts say a Beirut-style mega-blast could not happen in the UK - because of strict production and storage rules on the substance linked to the tragedy
- 08/06/2020
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Herbalife Nutrition Reports Record-Breaking Quarterly Net Sales Results
- Herbalife Nutrition Reports Record-Breaking Quarterly Net Sales Results
- 08/06/2020
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Bristol-Myers Squibb Reports Earnings Tomorrow. Here’s What to Expect.
- Bristol-Myers is trading at 8.5 times earnings expected over the next 12 months, according to FactSet, well below its average of 16.9 times earnings.
- 08/05/2020
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CVR Energy Inc (CVI) Q2 2020 Earnings Call Transcript | The Motley Fool
- CVI earnings call for the period ending June 30, 2020.
- 08/05/2020
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CVR Energy, Inc. (CVI) CEO Dave Lamp on Q2 2020 Results - Earnings Call Transcript
- CVR Energy, Inc. (NYSE:CVI) Q2 2020 Earnings Conference Call August 4, 2020 13:00 ET Company Participants Richard Roberts - Manager, Investor Relations Dave Lamp - Chief Executive Officer Tracy Jackson - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering, Holt & Company Manav Gupta - Credit Suisse Paul Chang - Scotiabank Presentation Operator Greetings, and welcome to the CVR Energy Inc.
- 08/04/2020
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Did Hedge Funds Make The Right Call On CVR Energy, Inc. (CVI) ?
- Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
- 08/04/2020
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CVR Energy Reports Second Quarter 2020 Results
- SUGAR LAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $5 million, or 5 cents per diluted share, inclusive of a $41 million pre-tax charge related to a goodwill impairment recognized within its Nitrogen Fertilizer Segment, on net sales of $675 million for the second quarter of 2020, compared to net income of $116 million, or $1.16 per diluted share, on net sales of $1.7 billion for the second quarter of 2019. Second quarter 2020 EBITDA was $68 million, compared to second quarter 2019 EBITDA of $273 million. “CVR Energy’s second quarter 2020 results were negatively impacted by narrow crack spreads and tight crude oil differentials that resulted from COVID-19 demand destruction and global crude oil price wars,” said Dave Lamp, CVR Energy’s Chief Executive Officer. “These negative impacts were partially offset by a favorable inventory valuation, a strong crude oil contango and realized derivative gains. We also safely completed the planned turnaround at the Coffeyville refinery, which downtime coincided with the lowest margin environment in the quarter. While the duration of impacts of COVID-19 remains uncertain, gasoline demand in the Midcontinent has since recovered to approximately 90 percent of pre-COVID-19 levels.“Highlights of the second quarter 2020 for CVR Partners included strong utilization rates at both fertilizer facilities, a successful spring planting season and record shipments of ammonia by the East Dubuque fertilizer facility in April as favorable weather conditions continued to support strong nitrogen fertilizer application,” Lamp said. “Pricing, however, has remained soft compared to a year ago as agriculture markets continue to be impacted by COVID-19.“Looking ahead, we will remain focused on maximizing cash flow by maintaining safe and reliable operations while judiciously managing our costs and capital spending across our businesses,” Lamp concluded.PetroleumThe Petroleum Segment reported second quarter 2020 operating income of $5 million on net sales of $572 million, compared to operating income of $163 million on net sales of $1.6 billion in the second quarter of 2019.Refining margin per total throughput barrel was $10.43 in the second quarter of 2020, compared to $15.66 during the same period in 2019. Narrow crack spreads contributed to the reduction in refining margins during the second quarter of 2020. Partially offsetting these impacts, crude oil prices rose during the quarter, which led to a favorable inventory valuation impact of $46 million, or $3.25 per total throughout barrel, compared to an unfavorable inventory valuation impact of less than $1 million, or 2 cents per total throughput barrel during the second quarter of 2019. The Petroleum Segment also recognized a second quarter 2020 derivative gain of $20 million, or $1.39 per total throughput barrel, compared to a gain of $4 million, or 22 cents per total throughput barrel, for the second quarter of 2019. Included in this derivative gain for the second quarter of 2020 was a nominal unrealized gain, compared to an unrealized gain of $3 million for the second quarter of 2019.Second quarter 2020 combined total throughput was approximately 156,000 barrels per day (bpd), compared to approximately 216,000 bpd of combined total throughput for the second quarter of 2019. This decrease was primarily attributable to the turnaround at our Coffeyville refinery, however, the Wynnewood refinery did operate at minimum rates while product demand was at its lowest.Fertilizer The Nitrogen Fertilizer Segment reported an operating loss of $26 million on net sales of $105 million for the second quarter of 2020, compared to operating income of $35 million on net sales of $138 million for the second quarter of 2019. A non-cash goodwill impairment of $41 million was recognized in the second quarter of 2020.Second quarter 2020 average realized gate prices for urea ammonia nitrate (UAN) decreased over the prior year, down 24 percent to $165 per ton, and ammonia was down 27 percent over the prior year to $332 per ton. Average realized gate prices for UAN and ammonia were $217 per ton and $456 per ton, respectively, for the second quarter of 2019.CVR Partners’ fertilizer facilities produced a combined 216,000 tons of ammonia during the second quarter of 2020, of which 79,000 net tons were available for sale while the rest was upgraded to other fertilizer products, including 321,000 tons of UAN. During the second quarter 2019, the fertilizer facilities produced 211,000 tons of ammonia, of which 71,000 net tons were available for sale while the remainder was upgraded to other fertilizer products, including 316,000 tons of UAN.CorporateThe Company reported an income tax benefit of $5 million, or 13.9 percent of loss before income taxes, for the three months ended June 30, 2020, compared to income tax expense of $41 million, or 24.3 percent of income before income taxes for the three months ended June 30, 2019. The change in income tax (benefit) expense was due primarily to changes in pretax income during the three months ended June 30, 2020. The change in effective tax rate was due primarily to the effects of the Nitrogen Fertilizer Segment’s goodwill impairment recorded during the three months ended June 30, 2020. Additionally, the Company recognized investment income from marketable securities of $21 million during the three months ended June 30, 2020.Cash, Debt and Dividend Consolidated cash and cash equivalents was $606 million at June 30, 2020. Consolidated total debt and finance lease obligations was $1.7 billion at June 30, 2020, including $634 million held by the Nitrogen Fertilizer Segment.In May 2020, the Board of Directors of CVR Partners’ general partner, on behalf of CVR Partners, authorized a unit repurchase program (the “Unit Repurchase Program”), which enables CVR Partners to repurchase up to $10 million of its common units. During the three and six months ended June 30, 2020, CVR Partners repurchased 890,218 common units on the open market at a cost of $1 million, inclusive of transaction costs, or an average price of $1.07 per common unit.CVR Energy will not pay a cash dividend and CVR Partners will not pay a cash distribution for the 2020 second quarter.Second Quarter 2020 Earnings Conference Call CVR Energy previously announced that it will host its second quarter 2020 Earnings Conference Call on Tuesday, Aug. 4, at 1 p.m. Eastern. The Earnings Conference Call may also include discussion of Company developments, forward-looking information and other material information about business and financial matters.The second quarter 2020 Earnings Conference Call will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-server.com/mmc/p/poe2cn3o. A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13706820.Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding future: impacts of COVID-19 including the duration thereof; gasoline demand, including recovery thereof in the Midcontinent; cash flow; safe and reliable operations; costs including management thereof; capital spending; derivatives activities and gains or losses associated therewith; income taxes including benefit or expense relating thereto, pretax income or loss and tax rates; value of securities, including marketability, income from and performance thereof; expectations for market conditions in the fertilizer industry; dividends and distributions including the timing, payment and amount (if any) thereof; impacts of global crude oil pricing; repurchases (if any) of CVR Partners common units including the amount and timing thereof; refinery throughput; crude oil prices including impacts to inventory valuation; direct operating expenses, capital expenditures, depreciation and amortization; turnaround expenditures and the impact of turnarounds; ammonia utilization rates; inventories and adjustments thereto; basis used for determining inventory value; and other matters. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control.
- 08/03/2020
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ROCE Insights For CVR Energy
- CVR Energy (NYSE: CVI) reported Q1 sales of $1.13 billion. Earnings fell to a loss of $137.00 million, resulting in a 391.49% decrease from last quarter. In Q4, CVR Energy earned $47.00 million and total sales reached $1.57 billion.What Is ROCE? Changes in earnings and sales indicate shifts in CVR Energy's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q1, CVR Energy posted an ROCE of -0.04%.View more earnings on CVIIt is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. In CVR Energy's case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.Analyst Predictions Analysts predict earnings per share to increase to $-0.42/share in Q2.See more from Benzinga * Earnings Scheduled For August 3, 2020 * Preview: CVR Energy's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Phillips 66 And The Future Of Refining (NYSE:PSX)
- 2020 was supposed to be the year of higher refining margins due to a strong economy and the new IMO-2020 rules for cleaner maritime emissions.
- 08/03/2020
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Preview: CVR Energy's Earnings
- On Monday, August 03, CVR Energy (NYSE: CVI) will release its latest earnings report. Benzinga's outlook for CVR Energy is included in the following report.Earnings and Revenue Sell-side analysts are expecting CVR Energy's loss per share to be near $0.42 on sales of $890.36 million. In the same quarter last year, CVR Energy reported EPS of $1.160 on revenue of $1.69 billion. If the company were to match the consensus estimate when it reports Monday, earnings would be down 136.21%. Sales would be down 17.56% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate -0.53 0.54 0.78 1.14 EPS Actual -0.09 0.44 1.18 1.16 Revenue Estimate 1.08 B 1.62 B 1.61 B 1.64 B Revenue Actual 1.13 B 1.57 B 1.62 B 1.69 B Stock Performance Over the last 52-week period, shares are down 61.06%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.View more earnings on CVIDon't be surprised to see the stock move on comments made during its conference call. CVR Energy is scheduled to hold the call at 13:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/poe2cn3oSee more from Benzinga * Preview: Curtiss-Wright's Earnings * Eastman Chemical Earnings Preview * A Preview Of KLA's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/31/2020
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CVR Energy: Growing Through Tough Times
- CVR Energy is a petrol refining company with a significant Nitrogen Fertilizer Segment that is not well recognized.
- 07/30/2020
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BMS 'bet' with Celgene shareholders in balance after CAR-T refile -
- Bristol-Myers Squibb and bluebird have refiled their CAR-T therapy for multiple myeloma, leaving the outcome of a three drug “bet” with former Celgene shareholders dependent on a fast review from the FDA.
- 07/30/2020
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Billionaires Hold 49 Stocks In August, 29 Pay Dividends, 6 Are Priced To Buy
- Kiplinger Investing publishes opportune stock and fund lists for investors online. These 49 billionaire picks by Dan Burrows, published 5/1/20, were updated 7/24/20.
- 07/27/2020
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COVIR: In Pursuit of a Safe Environment through Blockchain and Self-Reliant Biosafety Robots | Coinspeaker
- Covir is a platform that is designed to fund biosafety projects and licenses using blockchain technology.
- 07/27/2020
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CVR Energy to Release Second Quarter 2020 Earnings
- SUGAR LAND, Texas, July 21, 2020 -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2020 results on Monday, Aug. 3, after the close of trading on the New York.
- 07/21/2020
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Dispelling The Myth Of Higher Gasoline Demand In The Refining Sector
- Bulls in the refining sector have argued almost since the COVID-19 pandemic began that U.S. gasoline demand would exceed seasonal levels this summer.
- 07/20/2020
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How Good Is CVR Energy, Inc. (NYSE:CVI), When It Comes To ROE?
- One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
- 07/16/2020
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Reader Favorites And Rogues June 9 - July 6
- June 9 - July 6 readers of Fredrik Arnold articles mentioned 57 equities in their comments. Some lamented bad news so bad news investments (rogues) mixed with (mostly) favorites.
- 07/15/2020
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Unum Therapeutics Inc. : Announces Acquisition of Kiq LLC | MarketScreener
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L’Iran va indemniser les familles des victimes du Boeing abattu
- L'Iran a accepté d'indemniser les familles des victimes du Boeing ukrainien abattu par erreur en janvier, annonce la Suède. Mais le montant de l'indemnisation est incertain.,
Téhéran va passer à la caisse.
- 07/02/2020
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Stocks making the biggest moves in the premarket: McDonald's, Tesla, JetBlue, Facebook & more
- The stocks making the biggest moves in premarket trading include McDonald's, Tesla, JetBlue, Facebook, and more.
- 07/02/2020
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INEC refuses registration of new voters for Ondo election -
- The Independent National Electoral Commission (INEC) on Wednesday said it would not register new voters ahead of the governorship election in Ondo...
- 07/02/2020
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Ondo 2020: South West youths criticize monarchs over Akeredolu
- Youths in the South West, Wednesday, expressed reservation over the involvement of traditional rulers in partisan politics. The youths, under the umbrella of South West Youth Forum (Lagos, Ogun, Os…
- 07/02/2020
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CVR Refining, HollyFrontier cut jobs at U.S. refineries
- CVR Refining and HollyFrontier Corp have cut their workforces in recent weeks, according to three sources, as demand falls due to the ongoing coronavirus pandemic.
- 07/01/2020
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Ondo 2020: No to new registration voters - INEC - Businessday NG
- The Independent National Electoral Commission (INEC), on Wednesday said it would not register new voters ahead of the governorship election in Ondo state. The Commission has fixed October 10, 2020 for the gubernatorial election while both the ruling All Progressive Congress and opposition Peoples Democratic Party (PDP) have showed interest in the election. No fewer […]
- 07/01/2020
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No new registration of voters for Ondo election — INEC
- The Independent National Electoral Commission (INEC) has said that there would be no registration of new voters ahead of the October 10 election in Ondo state. INEC also said that election campaign…
- 07/01/2020
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Kami Wire-Free Outdoor Camera review
- A camera for all seasons
- 06/30/2020
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Of 50 Stocks Billionaires Hold In July, 29 Pay Dividends And 7 Are Priced To Buy
- Kiplinger Investing publishes opportune stock and fund lists for investors on-line. These 50 billionaire picks by Dan Burrows, published 5/1/20, were updated 6/
- 06/30/2020
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Fuming farmers slam railway tree-cutting as fields left 'like WW1 battlefield'
- More than 30 mature trees were cut back along Churnet Valley Railway
- 06/29/2020
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ایران برای رمزگشایی جعبه های سیاه هواپیمای اوکراینی، از سازمان تحقیقات امنیت هوایی فرانسه تقاضای کمک کرد
- سازمان تحقیقات سوانح و امنیت هوایی فرانسه، اعلام کرد که ایران برای رمزگشایی و استخراج داده های جعبه های سیاه هواپیمای سرنگون شدۀ اوکراینی، خواستار کمک فنی این سازمان شده است و قرار است که این عملیات…
- 06/27/2020
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Boeing ukrainien abattu : l’Iran enverra les boîtes noires en France en juillet
- Depuis l’accident, en janvier, l’analyse des enregistreurs de vol était l’enjeu de passes d’armes diplomatiques entre le Canada, l’Ukraine et l’Iran.
- 06/26/2020
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Boeing ukrainien: l'Iran enverra les boîtes noires en France en juillet
- L'Iran a officiellement "demandé l'assistance technique" du Bureau d'enquêtes et d'analyses (BEA) français pour réparer et télécharger les données des boîtes noires du Boeing ukrainien abattu par erreur en janvier par l'Iran au-dessus de Téhéran, a ...
- 06/26/2020
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Ammonium Nitrate Market Trajectory & Analytics 2020-2027 - COVID-19 Adjusted - ResearchAndMarkets.com
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Refiners start to add renewable diesel capacity, seen as cost-cutting move
- Refiners such as HollyFrontier Corp and CVR Energy are exploring opportunities to produce renewable diesel to save money on less profitable refineries and offset compliance costs associated with U.S. blending laws.
- 06/24/2020
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Refiners start to add renewable diesel capacity, seen as cost-cutting move
- Refiners such as HollyFrontier Corp and CVR Energy are exploring opportunities to produce renewable diesel to save money on less profitable refineries and offset compliance costs associated with U.S. blending laws.
- 06/24/2020
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Refiners start to add renewable diesel capacity, seen as cost-cutting move
- Refiners such as HollyFrontier Corp and CVR Energy are exploring opportunities to produce renewable diesel to save money on less profitable refineries and offset compliance costs associated with U.S. blending laws. The product, however, currently only occupies a tiny corner of diesel production - and logistical hurdles are likely to limit its growth in coming years. Refiners acquire used cooking oil, animal fats and soybeans from restaurants, grocers and farms to make renewable diesel, which is chemically identical to its petroleum-based peer and can be substituted in most diesel engines.
- 06/24/2020
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Hedge Funds Are Dumping CVR Energy, Inc. (CVI)
- In this article you are going to find out whether hedge funds think CVR Energy, Inc. (NYSE:CVI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/24/2020
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La Jolla Pharmaceutical Company to Acquire Tetraphase Pharmaceuticals, Inc.
- La Jolla Pharmaceutical Company, which is dedicated to the development and commercialization of innovative therapies that improve outcomes in patients
- 06/24/2020
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5 Oil & Gas Stocks That Have Shown They Can Grow Safely
- Oil company stocks have risen in recent weeks as oil prices have rebounded. But the next stage will be tougher.
- 06/23/2020
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LANTHEUS HOLDINGS, INC. : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K) | MarketScreener
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Veteran banker Pralay Mondal heads to Prem Watsa’s CSB Bank as President
- ET has reported on June 15, that Pralay Mondal had quit Axis Bank merely a year after joining as its retail head. Sources indicated that Mondal will eventually be promoted as the CEO of the Thrissur based bank which is majority owned by Canadian Billionaire Prem Watsa. Currently, the bank is headed by CVR Rajendran.
- 06/19/2020
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Private Equity Donors Favor Biden Over Trump on Bet to End Chaos - BNN Bloomberg
- Joe Biden, who says he wants to tax capital gains at the same rate as ordinary income and pushes left-of-center economic policies, seems an unlikely favorite of private equity firms and hedge fund managers.
- 06/19/2020
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Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) Short Interest Up 33.3% in June
- Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 800 shares, an increase of 33.3% from the May 31st total of 600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily […]
- 06/19/2020
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Is Covid-19 Bringing Welcome Change To The Commercial Lending Sector?
- In recent years, much of the technology investment by fintechs and traditional banks has been in the consumer lending or small business sectors, rather than commercial lending sector. The pandemic is changing this, and in real-time.
- 06/19/2020
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Tracking David Rolfe's Wedgewood Partners Portfolio - Q1 2020 Update (MUTF:RWGIX)
- Wedgewood Partners’ 13F portfolio decreased from $987M to $528M this quarter. David Rolfe added Keysight Technologies and Microsoft while reducing Fastenal and
- 06/16/2020
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Refiners' Last-Ditch Effort To Resurrect Small Refinery Exemptions
- RIN prices recently lost a substantial fraction of their market value following the news that refiners are asking the U.S. Environmental Protection Agency to re
- 06/15/2020
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Edited Transcript of CVI earnings conference call or presentation 7-May-20 5:00pm GMT
- Q1 2020 CVR Energy Inc Earnings Call
- 06/12/2020
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NASA news: Agency shares this mesmerising photo of the Aurora Australis from space
- NASA has shared this breathtaking photo of the Aurora Australis, snapped aboard the International Space Station (ISS).
- 06/11/2020
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More Bad News For Merchant Refiners On RINs
- Refiners have seen a large increase to their RIN expenditures in 2020 to date due to a tripling of the price of the largest RIN category. The U.S. Energy Inform
- 06/10/2020
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Acadian Asset Management LLC Decreases Stock Position in CVR Energy, Inc. (NYSE:CVI)
- Acadian Asset Management LLC trimmed its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 89.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,475 shares of the oil and gas company’s stock after selling 38,649 shares during the quarter. Acadian Asset Management […]
- 06/10/2020
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Swiss National Bank Buys 800 Shares of CVR Energy, Inc. (NYSE:CVI)
- Swiss National Bank boosted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 1.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 58,500 shares of the oil and gas company’s stock after purchasing an additional 800 shares during the period. Swiss National Bank’s holdings in CVR Energy were worth $967,000 as […]
- 06/10/2020
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Edited Transcript of CVI earnings conference call or presentation 7-May-20 5:00pm GMT
- Q1 2020 CVR Energy Inc Earnings Call
- 06/10/2020
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29 Dividend Stocks Billionaires Love For June, Per Kiplinger
- Kiplinger Investing publishes opportune stock and fund lists for investors online. These 50 billionaire picks by Dan Burrows, published 5/1/20, were updated 6/2
- 06/09/2020
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Coronavirus arrived in Scotland 'earlier than thought', study concludes
- The study found that coronavirus came to Scotland mainly from people travelling from European countries such as Italy, Austria and Spain.
- 06/09/2020
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6 Energy Stocks Trading With Low Price-Sales Ratios
- Cabot Oil & Gas makes the list Continue reading...
- 06/08/2020
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Global Chemical Fertilizers Market COVID-19 Impact, Size, Status and Forecast 2020-2026
- Jun 08, 2020 (Heraldkeepers) --
Chemical Fertilizers Market: WiseGuyReports.com adds "Chemical Fertilizers Global Market Report 2020-30" reports to its...
- 06/08/2020
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The Engineering Reasons Behind Merchant Refiners' Renewable Diesel Boom
- U.S. renewable diesel production capacity is currently experiencing growth of almost an order of magnitude in just a few years. Merchant refiners are playing a
- 06/08/2020
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Merger Arbitrage Mondays - Tiffany Experiences Wild Gyrations
- Merger activity increased last week with one new deal announced. The acquisition of Tetraphase Pharmaceuticals by Melinta Therapeutics for $55 million. Yatra On
- 06/08/2020
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Pak experts return from France with evidence extracted from crashed plane's blackbox
- Read more about Pak experts return from France with evidence extracted from crashed plane's blackbox on Devdiscourse
- 06/08/2020
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CVR Energy, Inc. (NYSE:CVI) Shares Sold by Ensign Peak Advisors Inc
- Ensign Peak Advisors Inc trimmed its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 8.9% during the 1st quarter, Holdings Channel reports. The fund owned 24,306 shares of the oil and gas company’s stock after selling 2,374 shares during the quarter. Ensign Peak Advisors Inc’s holdings in CVR Energy were worth $402,000 as of […]
- 06/07/2020
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Downloading, decoding of black box of crashed Pakistani airplane complete: French investigators
- Read more about Downloading, decoding of black box of crashed Pakistani airplane complete: French investigators on Devdiscourse
- 06/06/2020
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Pakistan plane crash: French investigators conclude decoding of crash PIA aircraft
- The French Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) on Friday said in a tweet that downloading and decoding of the flight data recorder and cockpit voice recorder, the two components of the PK-8303 black box, 'has ended. The analysis will continue', media reports said.
- 06/06/2020
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The Best Home Security Cameras for 2020 | Digital Trends
- Looking for a camera smart enough to protect your home and property when you're away? The best home security cameras for 2020 have all the features you'll need.
- 06/05/2020
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against CVR Refining, LP and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against CVR Refining, LP.
- 06/05/2020
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HollyFrontier Doubles Down On Its Renewable Diesel Investment (NYSE:HFC)
- The merchant refiner HollyFrontier announced that it was installing a renewable diesel production unit at one of its refineries last December. This week the com
- 06/04/2020
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Crashed PIA plane’s pilot did not follow ATC instructions: Pakistan aviation authority
- A total of 97 people, including three children, were killed and two passengers miraculously survived a fiery crash when the plane with 99 travellers on board plunged into a densely populated residential area near the airport here on May 22.
- 06/04/2020
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Dividends By The Numbers In May 2020
- A total of 3,118 U.S. firms declared dividends in May 2020, an increase of 26 over the 3,092 recorded in April 2020. That figure is also 811 lower than what was
- 06/04/2020
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Crashed PIA plane's pilot did not follow ATC instructions: Pak aviation authority
- Pakistan's aviation authority has said that the pilot of the Pakistan International Airlines plane which crashed here last month did not follow the instructions of the air traffic controller, according to a media report on Thursday.
- 06/04/2020
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ROSEN, A TOP RANKED LAW FIRM, Encourages CVR Refining, LP Investors To Contact Firm Before June 5 Deadline In Class Action Seeking Recovery Of Investor Losses - CVRR
- NEW YORK, June 02, Jun 02, 2020 (GLOBE NEWSWIRE via COMTEX) --
NEW YORK, June 02, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm,...
- 06/02/2020
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Adani group hits a pause on acquisitions as covid changes outlook
- The calculations that decided the valuations of these businesses have changed now.The sectors where the group is going slow on the transactions include airports, ports, power and logistics
- 06/02/2020
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The Daily Biotech Pulse: FDA Nod For Roche's Combo Therapy In Liver Cancer, Allena Rips Higher, Pfizer To Invest Up To $500M In Biotechs
- Here's a roundup of top developments in the biotech space over the last 24 hours:
Scaling The Peaks
(Biotech Stocks Hitting 52-week Highs June 1)
Adaptimmune Therapeutics PLC...
- 06/02/2020
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Competition heats up in BCMA CAR-T as J&J, BMS update myeloma trials -
- Competition heats up in BCMA CAR-T therapy as J&J, BMS update multiple myeloma trials at ASCO20
- 05/30/2020
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Tetraphase Announces Second Amendment to Merger Agreement with AcelRx Pharmaceuticals for Increased Consideration
- Tetraphase Pharmaceuticals, Inc. (Nasdaq:TTPH), a biopharmaceutical company focused on commercializing its novel tetracycline XERAVATM (eravacycline f
- 05/29/2020
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Carl Icahn Takes Over $1.6 Billion Loss on Embattled Hertz
- Billionaire investor exits position as car rental company files for Chapter 11 bankruptcy Continue reading...
- 05/28/2020
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CVR Partners, LP -- Moody's revises CVR Partners' outlook to negative, ratings affirmed
- Moody's Investors Service, ("Moody's") affirmed all ratings for CVR Partners, LP ("CVR"); including the B2 Corporate Family Rating ("CFR"), its B2-PD probability of default rating and the B2 senior secured notes rating. Moody's changed the rating outlook to negative, based on the expectation that projected lower prices for nitrogen fertilizers will lead to weaker credit metrics despite a strong US spring planting season.
- 05/26/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors in CVR Refining, LP of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 5, 2020 - CVRR
- NEW YORK, NY / ACCESSWIRE / May 26, 2020 / Levi & Korsinsky reminds former investors in CVR Refining, LP ("CVRR") of a class action lawsuit filed on behalf of all former owners of CVRR common ...
- 05/26/2020
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INEC will use e-voting for elections taking place in 2021 – Yakubu
- The commission also unveiled as part of “Policy on Conducting Elections in the Context of the COVID-19 Pandemic,” uploaded on its website that: “The Commission recognises the critical role that ICT…
- 05/26/2020
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INEC planning to use electronic voting machines for future elections — Yakubu
- The Independent National Electoral Commission (INEC) is to pilot the use of electronic voting machines at the earliest time possible towards full introduction of electronic voting in major election…
- 05/26/2020
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The operation which stopped the German atom bomb program -Operation Gunnerside
- The commando operation damaged Vemork heavy water plant, which supplied moderator the German nuclear program.
- 05/23/2020
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PIA Plane Crash: Blackbox recovered from Karachi crash site
- Pakistan plane crash: A 'blackbox' is a device that collects recent flight data and voices in the cockpit. Flight PK-8303 was landing at Karachi airport on Friday when it crashed in a residential area.
- 05/23/2020
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Regulatory Deep Dive On The Celgene CVR (NYSE:BMY)
- The Celgene CVR is tied to FDA approval of 2 CAR-T therapies: Liso-cel by 12/31/20 and Ide-cel by 03/31/21. We have reviewed all publicly available information
- 05/22/2020
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Occidental Petroleum: The Coiled Spring That Could Jump To The Upside (NYSE:OXY)
- OXY's leadership has made the hard financial decisions in the face of adversity to strengthen its liquidity over time. OXY is a low cost operator in oil and gas
- 05/22/2020
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AcelRx Pharmaceuticals: Lean Back And Watch The Rocket Launch (NASDAQ:ACRX)
- ACRX confirmed final agreement with its cornerstone client, the US Army. Sales from DSUVIA still need to pick up. But reports from doctors using DSUVIA on their
- 05/22/2020
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Tetraphase Announces Determination of Superior Offer and Notice to AcelRx
- Tetraphase Pharmaceuticals, Inc. (Nasdaq:TTPH), a biopharmaceutical company focused on commercializing its novel tetracycline Xerava™ (eravacycline fo
- 05/22/2020
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Mobvista Publishes 2020 Mobile Ad Anti-Fraud White Paper 2.0 to Expand the Toolkit for Fighting Ad Fraud
- GUANGZHOU, China, May 21, 2020 (PR Newswire Europe via COMTEX) --
Ad fraud has become one of the greatest threats facing the fast-growing global mobile ad...
- 05/21/2020
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Mobvista Publishes 2020 Mobile Ad Anti-Fraud White Paper 2.0 to Expand the Toolkit for Fighting Ad Fraud
- GUANGZHOU, China, May 21, 2020 /PRNewswire via COMTEX/ --
GUANGZHOU, China, May 21, 2020 /PRNewswire/ -- Ad fraud has become one of the greatest threats...
- 05/21/2020
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The EPA Is Setting The Stage For A Return Of Refiners' "RINsanity"
- It is being reported that the EPA has sent its proposed rule for mandated biofuel blending in 2021 to the White House for review. The available details on the p
- 05/21/2020
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Carl Icahn's Love for Occidental Petroleum Might Be Costly
- Last week, Carl Icahn's hedge fund filed its 13F for the first quarter of 2020. Occidental Petroleum was one of the hedge fund's largest buys.
- 05/20/2020
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Dividend Cuts Continue Torrid Pace In First Half Of May 2020
- Dividend cuts and suspensions announced by publicly-traded firms in the United States are continuing their torrid pace through the midpoint of May 2020. Overall
- 05/20/2020
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Tracking Carl Icahn's Portfolio - Q1 2020 Update (NASDAQ:IEP)
- Carl Icahn’s 13F portfolio value decreased from $26.18B to $18B this quarter. Occidental Petroleum and Hertz Global Holdings stakes saw substantial increases du
- 05/19/2020
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Aytu BioScience, Inc.'s (AYTU) CEO Joshua Disbrow on Q3 2020 Results - Earnings Call Transcript
- Aytu BioScience, Inc. (NASDAQ:AYTU) Q3 2020 Results Earnings Conference Call May 14, 2020, 04:30 PM ET Company Participants Joshua Disbrow - Chairman & CEO
- 05/15/2020
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All Weather, Fair Weather, No Weather Dividend Stocks
- When the tide goes out you discover who's been swimming naked. The pandemic has revealed that many stocks aren't as solid as investors might have believed. This
- 05/14/2020
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Greenwashing? Exxon Mobil's Biofuels Moonshots Are Anything But
- Exxon Mobil has made two investments in groundbreaking biofuels technologies that have attracted criticism from both environmental groups and its own shareholde
- 05/14/2020
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Merchant Refiners Are Driving The American Renewable Diesel Boom
- A major increase in U.S. renewable diesel production capacity is currently underway, and total capacity is expected to almost septuple over the next five years.
- 05/13/2020
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Celgene investors’ CVR payment looks rocky, as FDA rejects ide-cel file -
- The chances that former Celgene investors will miss out on their CVR payment linked to the BMS takeover have risen sharply as FDA rejects filing for myeloma CAR-T ide-cel
- 05/13/2020
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Bristol Myers Squibb and bluebird bio Provide Regulatory Update on Idecabtagene Vicleucel (ide-cel, bb2121) for the Treatment of Patients with Multiple Myeloma
- BMS and bluebird bio Provide Regulatory Update on Idecabtagene Vicleucel (ide-cel, bb2121) for the Treatment of Patients with Multiple Myeloma
- 05/13/2020
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An Insight Into The Fundamentals Of Sociedad Química y Minera
- SQM has a solid outlook with its lithium production and specialty plant nutrition. Though SQM's financials may not be doing well right now, its future is lookin
- 05/12/2020
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CVR Energy Jumps On The Renewable Diesel Bandwagon
- CVR Energy announced as part of its Q1 earnings report that it is exploring an investment in renewable diesel production capacity even as it is reducing its cas
- 05/12/2020
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Elliott Advisors Sends Letter to Board of Directors of Alexion
- Elliott Advisors (UK) Limited sent the following letter to the Board of Alexion today. A full copy of the letter can also be downloaded at www.elliott
- 05/12/2020
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U.S. refiners killed the golden goose: diesel margins
- U.S. refiners expected the spread of coronavirus to kill demand for gasoline and jet fuel, so they rushed to produce more diesel - but now they are sitting with a glut of that product, too.
- 05/11/2020
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U.S. RESEARCH ROUNDUP-Acushnet Holdings, Equity Residential, Fiserv
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Acushnet Holdings, Equity Residential and Fiserv, on
Monday.
HIGHLIGHTS
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Equity Residential : Evercore ISI raises to in-line from underperform
* Fiserv Inc : Keybanc raises target price to $115 from $108
* GTT Communications Inc : SunTrust Robinson cuts to hold from buy
* UDR Inc : Evercore ISI raises to in-line from underperform
Following is a summary of research actions on U.S. companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Abbvie Inc : SVB Leerink raises price target to $122 from $107
* Accelerate Diagnostics Inc : Piper Sandler cuts target price to $14 from $16
* Acushnet Holdings Corp : Compass Point raises TP to $22.25 from $21.50
* Acushnet Holdings Corp : Keybanc raises target price to $31 from $28
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Advance Auto Parts Inc : UBS raises target price to $140 from $135
* AIG : UBS cuts target price to $45 from $49
* Air Lease Corp : Deutsche Bank cuts target price to $36 from $45
* Air Lease Corp : Stephens raises target price to $36 from $30
* Airgain Inc : Northland Capital Markets raises target price to $23
* Alarm.Com Holdings Inc : Credit Suisse cuts target price to $62 from $64
* Albemarle Corp : RBC raises target price to $66 from $64
* Albemarle Corp : SunTrust Robinson cuts target price to $65 from $90
* Allegiant Travel Co : Evercore ISI cuts target price to $95 from $100
* Allscripts Healthcare Solutions : Canaccord Genuity cuts TP to $11 from $13
* Amdocs Ltd : Citigroup cuts price target to $76 from $83
* Amedisys Inc : Raymond James cuts price target to $210 from $225
* Amedisys Inc : UBS cuts target price to $190 from $208
* American Axle & Manufacturing Holdings : Citigroup raises TP to $7.5 from $6
* American Axle & Manufacturing Holdings : RBC raises target price to $7 from $5
* American Homes 4 Rent : Evercore ISI raises target price to $27 from $25
* Ameriprise Financial Inc : RBC raises target price to $155 from $145
* Amerisourcebergen Corp : Deutsche Bank raises target price to $98 from $93
* Amphastar Pharmaceuticals Inc : BMO raises price target to $21 from $20
* Angi Homeservices Inc : Citigroup raises price target to $10 from $6.5
* Aon Plc : Citigroup cuts price target to $230 from $240
* Aon Plc : KBW raises target price to $192 from $184
* Aon Plc : UBS cuts target price to $197 from $202
* Apache Corp : CFRA cuts to sell from hold; raises price target to $9
* Apache Corp : MKM Partners cuts target price by $1 to $19
* Aptiv Plc : Benchmark cuts price target to $87 from $90
* Arch Capital Group Ltd : UBS cuts target price to $39 from $43
* Atara Biotherapeutics Inc : Jefferies cuts target price to $11 from $13
* Athene Holding Ltd : BMO cuts price target to $60 from $63
* Atricure Inc : BTIG raises target price to $56 from $45
* Atricure Inc : Needham raises target price to $63 from $49
* Atricure Inc : Oppenheimer raises price target to $52 from $45
* Atricure Inc : SVB Leerink raises price target to $55 from $50
* Autonation Inc : CFRA cuts price target by $10 to $50
* Avalonbay Communities Inc : Evercore ISI cuts target price to $181 from $189
* Avista Corp : Guggenheim cuts target price to $38 from $39
* Bain Capital Specialty Finance : Citigroup raises price target to $10 from $7.5
* Ball Corp : Citigroup cuts price target to $86 from $89
* Ball Corp : Northland Capital Markets cuts target price to $80
* Baudax Bio Inc : Oppenheimer cuts price target to $14 from $16
* Bellring Brands Inc : Stifel cuts target price to $23 from $25
* BJ's Restaurants Inc : Deutsche Bank raises target price to $27 from $26
* Bloomin' Brands Inc : BMO raises price target to $10 from $9
* Bloomin' Brands Inc : Deutsche Bank raises target price to $15 from $14
* Bloomin' Brands Inc : Guggenheim raises target price to $15 from $11
* Bloomin' Brands Inc : Raymond James cuts target price to $14 from $15
* BP Midstream Partners LP : Mizuho raises target price to $14 from $13
* Broadridge Financial Solutions : Piper Sandler cuts TP to $120 from $124
* Broadridge Financial Solutions : Rosenblatt Securities ups TP to $115 from $101
* Brookfield Infrastructure Partners LP : BMO raises price target to $46 from $45
* Brookfield Infrastructure Partners LP : Scotiabank cuts Tp to $50 from $51
* Brookfield Property Partners LP : Canaccord Genuity cuts TP to $12 from $13
* Brookfield Property Partners LP : CIBC cuts target price to $18 from $20.50
* Brookfield Property Partners LP : RBC cuts target price to $18 from $22
* Bruker Corp : BTIG cuts price target to $50 from $57
* Cabot Oil & Gas Corp : Tudor Pickering Holt cuts to hold from buy
* Calithera Biosciences Inc : Citigroup raises price target to $10 from $7
* Callaway Golf Co : >: Compass Point cuts target price to $17.50 from $20
* Callaway Golf Co : Compass Point cuts target price to $17.50 from $20
* Camden Property Trust : Evercore ISI cuts target price to $98 from $102
* Camden Property Trust : Stifel raises target price to $96 from $91
* Cardtronics Plc : D.A. Davidson cuts target price to $34 from $40
* Cardtronics Plc : SunTrust Robinson raises target price to $29 from $23
* Cargurus Inc : RBC raises target price to $25 from $22
* Carnival : HSBC raises to buy from hold; cuts target price to $15.9 from $45.3
* Carrier Global Corp : Citigroup raises price target to $20 from $17
* Carvana Co : Oppenheimer raises price target to $127 from $95
* Carvana Co : Oppenheimer raises target price to $127 from $95
* Casella Waste Systems Inc : Jefferies raises target price to $56 from $52
* Casella Waste Systems Inc : Raymond James raises target price to $56 from $49
* Casella Waste Systems Inc : Stifel raises target price to $47 from $45
* Cellectis : Citigroup cuts price target to $15 from $16
* Centurylink Inc : SunTrust Robinson cuts target price to $9 from $10
* Ceridian Hcm Holding Inc : Jefferies raises target price to $65 from $60
* Chevron Corp : Independent Research raises target price to $98 from $90; hold
* CNX Resources Corp : Tudor Pickering Holt cuts to hold from buy
* Cognizant Technology Solutions : Evercore ISI cuts target price to $53 from $55
* Cognizant Technology Solutions Corp : HSBC cuts target price to $56 from $70
* Coherus Biosciences Inc : Citigroup cuts price target to $30 from $31
* Conagra Brands Inc : SunTrust Robinson cuts to hold from buy
* Consolidated Edison Inc : Evercore ISI cuts target price to $85 from $86
* Continental Resources : TD Securities raises target price to $14.50 from $13.50
* Cooper Tire & Rubber Co : JP Morgan cuts target price to $29 from $30
* Corporate Office Properties Trust : SunTrust Robinson raises TP to $28 from $26
* Corteva Inc : RBC raises target price to $31 from $27
* Covanta Holding : Stifel raises to hold from sell; raises TP to $9.50 from $6.50
* Crocs Inc : Piper Sandler raises target price to $28 from $24
* Cross Country Healthcare Inc : BMO cuts price target to $8 from $11
* Cryoport Inc : Stephens raises target price to $23 from $21
* CVR Energy Inc : Credit Suisse raises target price to $19 from $16
* Cytomx Therapeutics Inc : Wedbush raises target price to $16 from $11
* Danaher Corp : Evercore ISI raises target price to $175 from $150
* Danaher Corp : RBC raises target price to $173 from $159
* Datadog Inc : RBC raises target price to $50 from $43
* Dentsply Sirona : Barrington Research cuts to market perform from outperform
* Dentsply Sirona Inc : UBS cuts target price to $44 from $59
* Dicerna Pharmaceuticals : SunTrust Robinson raises target price to $33 from $28
* Diebold Nixdorf Inc : JP Morgan raises target price to $7 from $6
* Diebold Nixdorf Inc : JP Morgan raises to neutral from underweight
* Discovery Inc : Rosenblatt Securities cuts price target to $24 from $27
* Dish Network Corp : RBC cuts target price to $32 from $39
* Domtar : D.A. Davidson cuts to neutral from buy; cuts TP to $26 from $44
* Domtar Corp : Scotiabank cuts target price to $29 from $30
* Domtar Corp : TD Securities raises target price to $26 from $22
* E. W. Scripps Co : Benchmark cuts target price to $15 from $24
* E. W. Scripps Co : Guggenheim raises target price to $8 from $6.50
* Edison Intl.
- 05/11/2020
|
Merger Arbitrage Mondays - 3 New Deals, 4 Completions And 1 Failed Deal
- Merger activity increased last week with three new deals announced. The merger of Quintana Energy Services and KLX Energy Services Holdings. Front Yard Resident
- 05/11/2020
|
5 Healthcare Stocks That Are Profitable but Also Cheap
- These five healthcare stocks have low P/E ratios and ample yields, making them cheap and profitable options for investors.
- 05/11/2020
|
Delek US Holdings Dodges Another Supply Disruption Bullet
- The share price of merchant refiner Delek US Holdings led the refining sector in losses through mid-March due to demand disruption and concerns of a possible su
- 05/11/2020
|
Bristol-Myers Squibb: This Could Be The Next Quarter Trillion Dollar Company
- Bristol-Myers Squibb has actually seen improved performance as a result of COVID-19. That's perfect as the company is paying off a big acquisition. BMY has a ma
- 05/10/2020
|
Icahn Enterprises L.P. (IEP) Q1 2020 Earnings Call Transcript
- Forward-looking statements may be identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, will, or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Joining me on today's call is SungHwan Cho, our Chief Financial Officer.
- 05/09/2020
|
Tetraphase: A Bidding War Shareholders Shouldn't Wait Around For
- Shares in Tetraphase sky-rocketed yesterday after La Jolla announced a non-binding takeover proposal. Tetraphase had already agreed to be bought by AcelRx in Ma
- 05/08/2020
|
CVR Energy Inc (CVI) Q1 2020 Earnings Call Transcript
- With me today are Dave Lamp, our Chief Executive Officer; Tracy Jackson, our Chief Financial Officer; Dave Landreth, our Chief Commercial Officer, and other members of management. In light of the uncertainties faced in the global economy and the US industry, refining industry, our Board has elected to reduce the first quarter dividend to $0.40 per share.
- 05/08/2020
|
FACTBOX-Oil refineries cut output as coronavirus hits fuel demand
- Oil refineries have been curbing output since February as travel restrictions
slash fuel demand.
Most refiners are operating, but several have reduced the number of barrels of oil they process as
gasoline and diesel use falls sharply.
Fuel demand has dropped by about 30% worldwide as the coronavirus chokes economic activity, forcing
billions of people to stay home to curb its spread, creating a global supply glut.
Here is a list of refineries that have reduced output specifically due to lower demand (excluding
scheduled maintenance):
OPERATOR REFINERY/LOCATION CAPACITY DATE DETAILS USN
(BPD)
HollyFrontier United States 457,000 May 7 Cuts production at
refineries by 30%
CVR Energy Inc May 7 Operating refineries
at near minimum
rates
BP Plc Whiting, Indiana, 430,000 May 7 Operating at about
U.S. 70% capacity
Total SA Port Arthur, Texas, 225,500 May 5 Production cut by
U.S. 36%
Marathon Petroleum May 5 Operating refineries
Corp at minimum rates
Pilipinas Shell Tabangao, 110,000 May 5 To shut down
Petroleum Corp Philippines refinery for one
month from mid-May
LyondellBasell Houston, Texas, U.S. 263,776 May 1 Operating between
85% and 90% of its
capacity
Tupras Izmir, Turkey 220,000 April 30 To halt output from
May 5 until July 1
MOL Group Hungary, Slovakia April 30 Three refineries
and Croatia running at just over
70% capacity
PT Pertamina Plaju, South April 30 Refinery partially
Sumatra, Indonesia shut
Raizen Dock Sud, Argentina 93,000 April 29 Temporarily stopped
production on April
17
Refinor SA Campo Duran, 25,000 April 29 Suspended operations
Argentina
Valero Energy Corp St. Charles refinery 215,000 April 29 Idled 92,000 bpd FCC
in Norco, Louisiana
Husky Energy Inc April 29 All refineries are
running at minimum
rates
Viva Energy Group Geelong refinery in 120,000 April 27 To shut residual
Victoria, Australia catalytic cracker
and other associated
processing units
Royal Dutch Shell Convent, Louisiana, 211,270 April 22 Shuts small crude
Plc U.S. unit
Galp Energia Sines, Portugal April 21 To halt refinery for
a month from May 4
PT Pertamina Balikpapan, April 21 Expects total
Indonesia shutdown of refinery
in early May
Husky Energy Inc April 20 Reducing production
and refinery
throughput; U.S.
refinery throughput
reduced by around
95,000 bpd
Marathon Petroleum Martinez, 166,000 April 17 Will idle refinery
Corp California, U.S. beginning April 27
Eni and Kuwait Milazzo, Italy 200,000 April 17 Operating at 60%
Petroleum Italy capacity
Federated Co-op, Saskatchewan, 130,000 April 16 Cut production to
Cooperatives Ltd Canada 90,000 bpd
Phillips 66 Ponca City, 207,000 April 15 Shut gasoline unit
Oklahoma, U.S. in early April
Royal Dutch Shell Convent and Norco, 436,570 April 10 Reducing production
Louisiana, U.S. at Convent and Norco
refineries
Valero Energy Corp Port Arthur, Texas, 335,000 April 9 FCC operating at
U.S. minimum capacity
BP Plc United States April 9 Three U.S.
refineries operating
between 80 and 85%
of capacity
Marathon Petroleum Gallup, New Mexico, 26,000 April 8 To temporarily idle
Corp U.S. refinery beginning
on April 15
Exxon Mobil Corp Baton Rouge, 502,500 April 8 Running at
Louisiana, U.S. two-thirds of
capacity
PBF Energy Chalmette, 190,000 April 8 Cut FCC production
Louisiana, U.S. by 45%
Nigerian National Nigeria April 8 Nigeria to shut down
Petroleum all its oil
Corporation (NNPC) refineries
HollyFrontier Corp April 8 Refining segment
currently running at
about 70% of
capacity
MOL Group Hungary, Slovakia April 8 All its refineries,
and Croatia three steam crackers
are running, but at
reduced rates
Marathon Petroleum Galveston Bay 585,000 April 7 Production down 25%
Corp refinery in Texas,
U.S.
- 05/08/2020
|
CVR Energy to explore converting refining units for renewable diesel production
- CVR Energy Inc is looking to convert certain units in its refineries to renewable diesel production to reduce its exposure to the cost of renewable fuel credits (RINs), the company said on Thursday.
- 05/07/2020
|
CVR Energy to explore converting refining units for renewable diesel production
- CVR Energy Inc is looking to convert certain units in its refineries to renewable diesel production to reduce its exposure to the cost of renewable fuel credits (RINs), the company said on Thursday. The project, which would involve using excess hydrogen capacity and converting some desulfurization units for renewable diesel production, is still in its early stages, the refiner's chief executive said on its first quarter earnings call. "The fact of the matter is we have existing assets and excess hydrogen," said David Lamp, president and CEO of CVR.
- 05/07/2020
|
Exclusive: Peru mines set to restart; to hit 80% production in a month, industry official says
- Peruvian miners are set to restart operations in coming days and ramp up to around 80% of normal production levels within a month, a senior official at the country's mining industry group told Reuters, as the world's No. 2 copper producing country looks to rebound from the impact of the coronavirus pandemic.
- 05/07/2020
|
CVR Energy Reports First Quarter 2020 Results and Announces Cash Dividend of 40 Cents
- SUGAR LAND, Texas, May 06, 2020 -- CVR Energy, Inc. (NYSE: CVI) today announced a net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the.
- 05/07/2020
|
Exclusive: Peru mines set to restart; to hit 80% production in a month, industry official says
- Exclusive: Peru mines set to restart; to hit 80% production in a month, industry official says
- 05/07/2020
|
Menarini bags blood cancer drug with $677M Stemline acquisition -
- Italian drugmaker Menarini has agreed to buy Stemline Therapeutics, bolting on an already-approved drug for a rare form
- 05/05/2020
|
50 Kiplinger Stocks Billionaires Love And 29 Pay Dividends
- Kiplinger Investing publishes opportune stock and fund lists for investors online. This new list of 50 billionaire picks by Dan Burrows published 5/1/20. 29 of
- 05/05/2020
|
ResTORbio's Reverse Merger With Adicet Should Unlock Substantial Value For Shareholders
- resTORbio announced a reverse merger with privately held Adicet Bio on April 29 that will result in resTORbio shareholders holding around a 25% stake in the new
- 05/04/2020
|
Italy's Menarini Group to acquire Stemline Therapeutics in deal valued at up to $677 million
- Privately held Menarini Group, an Italian drug and diagnostics company, said Monday it has agreed to acquire Stemline Therapeutics Inc. undefined in a deal...
- 05/04/2020
|
Stemline Therapeutics To Go Private In $667M Transaction
- The New York-based oncology-focused, commercial-stage biopharma Stemline Therapeutics Inc (NASDAQ: STML) ringed in merger Monday with a go-private deal valued at up to $667...
- 05/04/2020
|
Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry
- Icahn's next energy bet could pay off through a takeover or a rebound in oil prices.
- 05/02/2020
|
50 Top Stock Picks That Billionaires Love 2020
- They say on Wall Street that if you want to make a small fortune, start by investing a large one.The billionaires and big-time money managers below all have fortunes of various sizes, and studying which stock picks they've chased with their capital ain't a half-bad idea. After all, there'
- 05/01/2020
|
Who Can Beat Warren Buffett And Carl Icahn? The Average Fund Manager.
- The average fund manager can take pride in this: Over the past 10 years, he or she has surpassed the returns of investing legends Warren Buffett and Carl Icahn.
- 04/30/2020
|
How Does CVR Energy's (NYSE:CVI) P/E Compare To Its Industry, After Its Big Share Price Gain?
- CVR Energy (NYSE:CVI) shareholders are no doubt pleased to see that the share price has bounced 37% in the last month...
- 04/29/2020
|
What Is CVR Energy’s (NYSE:CVI) P/E Ratio After Its Share Price Rocketed?
- CVR Energy (NYSE:CVI) shareholders are no doubt pleased to see that the share price has bounced 37% in the last month...
- 04/29/2020
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U.S. refinery earnings to detail troubled outlooks as fuel use slumps
- U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections.
- 04/28/2020
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UPDATE 1-U.S. refinery earnings to detail troubled outlooks as fuel use slumps
- U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections.
- 04/28/2020
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Follow in Icahn's Footsteps to Survive This Recession
- The guru's recent actions are proof that successful investors take calculated risks Continue reading...
- 04/28/2020
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U.S. refiners face prolonged troubles as fuel use slumps
- U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections.
- 04/28/2020
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U.S. refiners face prolonged troubles as fuel use slumps
- U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections. Fuel demand has dropped by roughly 25% in the United States and about 30% worldwide as the coronavirus pandemic has kept billions of people from traveling. U.S. refineries have throttled back production, operating at roughly two-thirds of capacity.
- 04/28/2020
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The COVID-19 Pandemic As A Harbinger Of An Electric Vehicle Future
- The COVID-19 pandemic has broadly distorted the refining sector by sharply reducing demand for gasoline compared to diesel fuel. North American refiners have be
- 04/28/2020
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Cratering Oil Prices Are Forcing U.S. Producers to Take Drastic Actions to Survive
- An implosion in the oil market has several producers starting to turn off their pumps as storage facilities fill to the brim.
- 04/25/2020
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Icahn Says Stocks Are Overvalued, Virus May Cause ‘Downdrafts’
- (Bloomberg) — Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc.This is a time to…
- 04/25/2020
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Icahn Says Stocks Are Overvalued, Virus May Cause ‘Downdrafts’
- (Bloomberg) -- Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc.This is a time to be “extremely careful,” Icahn said in an interview Friday on Bloomberg Television.From his home on Miami’s Biscayne Bay,
- 04/25/2020
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What Kind Of Share Price Volatility Should You Expect For CVR Energy, Inc. (NYSE:CVI)?
- Anyone researching CVR Energy, Inc. (NYSE:CVI) might want to consider the historical volatility of the share price...
- 04/25/2020
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Icahn Bought Cheap Oil in Monday’s Plummet to Historic Lows
- (Bloomberg) -- When on Monday it seemed the whole world was selling oil, a familiar name was buying: Carl Icahn.“We made some money on it,” Icahn said in an interview Friday with Bloomberg Television. “We did get a fair amount.”The billionaire raider-turned-activist took advantage of the historic collapse in crude futures to supply his Midwestern refiner, CVR Energy Inc. He said CVR tried to purchase 1 million to 2 million barrels of oil when prices went negative in a technical quirk of futures trading that temporarily forced sellers to pay to have contracts taken off their hands.It’s a role Icahn, a wily investor with gifted timing, has played before. In one of his more legendary trades, Icahn left Donald Trump’s election-night victory party in November 2016 to buy $1 billion of U.S. equity futures as stocks slumped in the early hours of the morning.Monday presented a similarly rare and short-lived opportunity. With oil markets oversupplied and running out of storage space because of the coronavirus pandemic, at about 2 p.m. crude for May delivery fell below zero and began an unprecedented plunge to less than minus $40 a barrel. Investors with no use for the physical commodity and no place to keep it next month became increasingly desperate to unload contracts.“You’ll never see that again in history,” Icahn said.To be sure, CVR isn’t the only company that bought oil for less than nothing. From Wyoming to West Texas, the bids that refiners, traders and pipeline companies post every day for oil they buy out in the fields fell way below zero, mirroring the plunge in futures prices.The profitable trade offset losses on some of Icahn’s other oil bets. Occidental Petroleum Corp., the company he battled for almost a year before settling the proxy contest last month, has fallen 66% year-to-date.Icahn was critical when Occidental turned to Warren Buffett to finance its purchase of Anadarko Petroleum Corp. Now that the oil slump has left it strapped, Occidental had to issue $257 million in stock to pay Buffett his quarterly dividend.“It was one of the most ridiculous deals that I’ve ever seen,” Icahn said of the $10 billion of preferred stock Occidental sold to Buffett last year.CVR has held up better, down only 54% this year. Based in Sugar Land, Texas, it refines crude into gasoline and other fuels at refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. So long as those facilities are operating, the company has a constant need to replenish the 6.4 million barrels of capacity in its storage tanks.Storage SpaceAs a frequent buyer of oil, CVR offered Icahn a way to capitalize on the dislocation that has roiled so many others in crude markets. He had the company set up an account so it could use the futures market to buy supplies at a rock-bottom cost.“When oil started sinking like that, I called then up and said, ‘Hey, we’ve got some storage space. Everyone’s going crazy for storage space,’” Icahn said.Icahn, 84, made his reputation as a corporate raider in the 1980s, infamously buying airline TWA and selling off its assets in a prelude to bankruptcy. Since then, he’s restyled himself as a shareholder activist.While he went into the coronavirus crisis hedged, largely through a multibilion-dollar short bet on commercial real estate debt, Icahn lost money in the March sell-off as holdings such as Hertz Global Holdings Inc. and Tenneco Inc. slumped. His personal fortune, which reached $21.7 billion in February, has since fallen to about $17 billion, according to data compiled by Bloomberg.Icahn controls CVR with 70% of its stock and is the second-largest shareholder in Occidental.“If oil stays bad, there’s risk in all this stuff,” he said.(Updates with Icahn’s comments on Occidental in 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 04/24/2020
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Icahn sees opportunities but warns of more 'downdrafts' ahead: Bloomberg
- Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained.
- 04/24/2020
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Icahn sees opportunities but warns of more 'downdrafts' ahead: Bloomberg
- Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained. "There will be good opportunities," Icahn said in an interview with Bloomberg Television on Friday, adding, however, "in the short term we could still see some big downdrafts."
- 04/24/2020
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Icahn sees opportunities but warns of more ‘downdrafts’ ahead -Bloomberg
- BOSTON — Billionaire investor Carl Icahn said he expects to see “good opportunities” to buy after the historic stock market sell-off but warned there will likely be more heavy sel…
- 04/24/2020
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Icahn sees opportunities but warns of more 'downdrafts' ahead -Bloomberg
- Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained. "There will be good opportunities," Icahn said
- 04/24/2020
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Icahn Bought Cheap Oil During Monday’s Plummet to Historic Lows
- (Bloomberg) — When on Monday it seemed the whole world was selling oil, a familiar name was buying: Carl Icahn.“We made some money on it,” Icahn said in an interview Friday with B…
- 04/24/2020
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Icahn Bought Cheap Oil During Monday’s Plummet to Historic Lows
- (Bloomberg) -- When on Monday it seemed the whole world was selling oil, a familiar name was buying: Carl Icahn.”We made some money on it,” Icahn said in an interview Friday with Bloomberg Television. “We did get a fair amount.”The billionaire raider-turned-activist took advantage of the historic collapse
- 04/24/2020
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CVR Energy 'a very good refinery,' Icahn says CVI;SPY;SPX
- CVR Energy 'a very good refinery,' Icahn says CVI SPY SPX
- 04/24/2020
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Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
- U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads while engulfed in the worst crisis the oil industry has faced.
- 04/23/2020
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FOCUS-Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
- U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads while engulfed in the worst crisis the oil industry has faced.
- 04/23/2020
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REFILE-Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
- U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.
- 04/23/2020
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CVR Energy to Release First Quarter 2020 Earnings
- SUGAR LAND, Texas, April 23, 2020 -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2020 results on Wednesday, May 6, after the close of trading on the New.
- 04/23/2020
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