CVR Refining (NYSE:CVRR) is an independent downstream energy limited partnership operating in the mid-continent region, formed by CVR Energy (NYSE:CVI) in September 2012 to own the group's refining and logistics businesses. CVR Refining went public on January 23, 2013, with its common units being listed on the New York Stock Exchange at a price of $25 per unit. CVR Energy is still the company's largest unitholder, with a stake of 73%. CVR Refining's current market capitalization is about $4.1 billion and it offers a high-dividend yield of 22.7%, which is among the highest in the stock market. This means CVR Refining may be a huge opportunity for income-investors, or a dividend trap.
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|