|Bid||0.00 x 1400|
|Ask||0.00 x 1800|
|Day's range||68.80 - 69.89|
|52-week range||46.55 - 69.90|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||13.80|
|Earnings date||25 Oct 2023 - 30 Oct 2023|
|Forward dividend & yield||4.19 (6.07%)|
|Ex-dividend date||20 Sept 2023|
|1y target est||59.00|
Here is how CVR Energy (CVI) and Magellan Midstream Partners (MMP) have performed compared to their sector so far this year.
With Wall Street ending a tumultuous week amid a hawkish Fed outlook, investors should invest in safe stocks like Magellan Midstream Partners (MMP), Trinity Capital (TRIN), Runway Growth Finance (RWAY) & Postal Realty Trust (PSTL).
The North American fossil fuel sector is undergoing a wave of transactions tied to changes in the energy mix, with companies placing their bets on the relative values of oil, natural gas or clean power. The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week. Magellan’s pipes and storage tanks are heavily concentrated in oil, while Oneok’s assets carry more natural gas.