|Bid||17.29 x 900|
|Ask||18.05 x 800|
|Day's Range||17.09 - 18.31|
|52 Week Range||9.81 - 27.02|
|Beta (5Y Monthly)||1.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||N/A|
U.S. merchant refiners have amassed up to a $1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. The big liability among companies including PBF Energy Inc , CVR Energy Inc, Par Pacific Holdings and Delta Airlines comes as the administration of President Joe Biden considers granting oil refiners relief from their biofuel mandates amid soaring credit costs and economic turmoil from the coronavirus pandemic that has hurt the fuel industry.
Shares of CVR Energy (NYSE: CVI) fell a quick 20% or so at the open of trading on Friday compared to the closing price on Thursday. CVR Energy's stock price is a real-world example of this. In May, CVR announced plans to make a special distribution of cash and stock related to its investment in Delek US Holdings (NYSE: DK).