CVR Energy Shares Gain as Carl Icahn Plans to Boost Stake
Shares of CVR Energy, Inc. CVI experienced a gain of almost 4% since Icahn Enterprises (IEP), an investment firm controlled by billionaire investor Icahn, proposed to increase its stake in CVR Energy from its current 66% to around 81% on Nov.
CVR Energy Dividend Suspension Likely Forces Icahn Enterprises To Do The Same
CVR Energy’s refining margins plummeted. Icahn Enterprises’ reliance on CVI's dividends makes future distributions uncertain. Click here for more on CVI and IEP prospects.
Icahn Enterprises’ stock slides 14% 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.
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.
Icahn to seek CVR Energy stake increase, raise funds from lower payout, WSJ says
Icahn Enterprises (IEP) will seek to add to its largest holding CVR Energy (CVI) where it currently has a 66% stake of shares outstanding, The
Icahn confirms plan to raise stake in oil refiner CVR, cuts distribution in half
CVR Energy (NYSE:CVI) +4% and Icahn Enterprises (IEP) -5.3% pre-market Friday after Carl Icahn's firm confirmed plans to raise its stake in the oil refiner by more than 20%. Icahn (IEP) said it will launch a tender offer to acquire 15M additional common shares of CVR Energy (NYSE:CVI) for $17.
Icahn Enterprises seeks to boost 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 Texas-based refiner CVR Energy to 81.3%.
Bloomberg L.P.4d
Icahn Enterprises Halves Dividend to Boost CVR Energy Stake
Billionaire activist investor Carl Icahn’s investment fund is cutting its dividend payout by half as it plans to boost its ...
The Business Journals4d
Billionaire Carl Icahn’s firm to increase stake in energy company
Icahn Enterprises said it believes the energy company's shares are currently undervalued and represent an attractive ...
Seeking Alpha on MSN15d
CVR Energy sinks after swinging to Q3 loss, suspending dividend
CVR Energy plunges after reporting larger than expected Q3 loss and suspending dividend, as refining business hurt by reduced ...
Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy
Icahn Enterprises L.P. (NASDAQ:IEP) shares are trading lower on Friday. The company reported third-quarter earnings per unit ...
CVR Energy (NYSE:CVI) Shares Gap Up – Still a Buy?
Shares of CVR Energy, Inc. (NYSE:CVI – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $16.52, but opened at $17.81. CVR Energy shares last traded at $17.96, ...
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What’s Driving CVR Energy, Inc. (CVI) Stock’s -25.05% Plunge Over the Past Month?
On Friday, CVR Energy, Inc. (CVI) stock saw a modest uptick, ending the day at $18.46 which represents a slight increase of $1.94 or 11.74% from the prior close of $16.52. The stock opened at $17.81 ...
CVR Energy suspends quarterly dividend for Q3
CVR Energy’s (CVI) 2024 third quarter earnings results for its refining business were impacted by reduced refining throughputs ...
Icahn’s Firm Seeks Bigger Stake in Top Holding While Slashing Its Own Dividend
To fund the transaction—and others inside and outside his portfolio down the road—Icahn said he is halving IEP’s dividend ...