Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half [Yahoo! Finance]
CVR Energy Inc. (CVI)
US:NYSE Investor Relations:
investors.cvrenergy.com
Company Research
Source: Yahoo! Finance
Carl Icahn , the renowned billionaire investor, is planning to increase his firm's stake in CVR Energy, Inc. (NYSE: CVI ) while significantly reducing its dividend payout. What Happened Icahn Enterprises (NASDAQ: IEP ), the investment firm controlled by Icahn, is proposing to increase its stake in CVR Energy by over 20%. This move is aimed at capitalizing on what Icahn perceives as an undervalued market, reported The Wall Street Journal, citing drafts of statements. Don't Miss: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100 These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends The firm plans to achieve this by purchasing up to 15 million additional shares, raising its holdings to over 81% of CVR's shares. Despite the recent drop in CVR's share price, Icahn Enterprises believes the company is undervalued and that shareholders wo
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CVI
News
- Returns On Capital At CVR Energy (NYSE:CVI) Paint A Concerning Picture [Yahoo! Finance]Yahoo! Finance
- CVR Energy, Inc. (NYSE: CVI) had its price target raised by analysts at Mizuho from $18.00 to $20.00. They now have a "neutral" rating on the stock.MarketBeat
- CVR Energy, Inc. (NYSE: CVI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- CVR Energy Announces Pricing of Proposed Senior Secured Term Loan B Facility, 2025 Capital Expenditure Outlook, New Employment Agreement with Dave LampGlobeNewswire
- CVR Energy, Inc. (NYSE: CVI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
CVI
Earnings
- 10/28/24 - Miss
CVI
Sec Filings
- 12/18/24 - Form SC
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- CVI's page on the SEC website