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Increased volatility and markets in or near bear territory has not deterred some insider buyers from continuing to build their stakes in their favorite stocks.
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.
Billionaire investor Carl Icahn just reminded Wall Street who the original energy bull is.
Since the beginning of April, market volatility has spiked, due largely to uncertainty about inflation, interest rates, upcoming quarterly reports, and mostly the impact of tariffs and a global trade war on the U.S.
Investors would do well to monitor broker-friendly stocks like CLF, BTU, CVI, DK and CNC for high returns.
CVR Energy operates in petroleum refining, nitrogen fertilizer, and renewable diesel, with refining being the main revenue driver and fertilizer boosting margins through pet coke usage. The Group 3 2-1-1 crack spread is crucial for CVI's refining margins, showing a strong correlation with the company's profitability. Renewable diesel capacity hedges against RIN price volatility, despite uncertainties in government subsidies and future expansion.
Despite (or perhaps because of) the volatility in the stock market and uncertainty about the economy, insiders are still scooping up shares of certain stocks.
CVR Energy stock has significantly underperformed, with a -38% return in 2024, mainly due to a failed Citgo bid and dividend suspension. Despite a positive Q4 2024 earnings report, I maintain a Sell rating on CVI stock due to poor macroeconomic outlook for refiners and renewables. The new Trump administration's energy policies create uncertainty for CVR Energy's renewable investments, making future returns highly uncertain.
CVR Energy, Inc. (NYSE:CVI ) Q4 2024 Results Conference Call February 19, 2025 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 Manav Gupta - UBS Adam Wijaya - Goldman Sachs John Royall - JPMorgan Matthew Blair - Tudor Pickering Operator Greetings, and welcome to the CVR Energy Fourth Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
CVR Energy (CVI) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.65. This compares to earnings of $0.65 per share a year ago.