CVR Energy, Inc. Stock News

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...

SUNNY ISLES BEACH, Fla. , Dec. 6, 2024 /PRNewswire/ -- Icahn Enterprises L.P.

Now that we have officially entered November, a whole entirely new world of volatility appears to be present in the stock market.

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%.

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.

To fund a bigger war chest, Icahn Enterprises plans to halve dividend payout.

24/7 Wall St. Insights The long AI-driven rally has many tech stocks overvalued.

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 diversifica...