CVR Partners (NYSE:UAN) Upgraded to Buy by StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of CVR Partners (NYSE:UAN – Free Report) from a hold rating to a buy rating in a research report released on Thursday morning.

CVR Partners Stock Performance

NYSE:UAN opened at $73.85 on Thursday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 15.78 and a beta of 1.27. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.73 and a current ratio of 3.09. The stock has a fifty day moving average price of $69.31 and a 200-day moving average price of $75.38.

CVR Partners (NYSE:UAN – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 earnings per share for the quarter. CVR Partners had a net margin of 9.29% and a return on equity of 16.32%. The business had revenue of $132.90 million during the quarter.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a $1.90 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $7.60 dividend on an annualized basis and a yield of 10.29%. CVR Partners’s dividend payout ratio (DPR) is 162.39%.

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently modified their holdings of UAN. Oxbow Advisors LLC bought a new stake in shares of CVR Partners during the 2nd quarter worth $212,000. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners in the 3rd quarter valued at approximately $293,000. Virtu Financial LLC bought a new stake in shares of CVR Partners during the 1st quarter valued at approximately $506,000. SG Americas Securities LLC acquired a new position in CVR Partners during the 1st quarter worth approximately $820,000. Finally, Founders Financial Alliance LLC lifted its stake in CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

About CVR Partners

(Get Free Report)

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.

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