CVR Partners Target of Unusually Large Options Trading (NYSE:UAN)

CVR Partners, LP (NYSE:UAN) saw unusually large options trading on Friday. Investors acquired 2,622 call options on the stock. This is an increase of approximately 827% compared to the average volume of 283 call options.

Institutional Investors Weigh In On CVR Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in CVR Partners during the 1st quarter worth $506,000. SG Americas Securities LLC bought a new stake in shares of CVR Partners during the first quarter worth $820,000. Aristides Capital LLC acquired a new position in shares of CVR Partners during the fourth quarter valued at $256,000. Independent Advisor Alliance boosted its holdings in CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Jump Financial LLC increased its position in CVR Partners by 76.4% in the fourth quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 3,556 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CVR Partners from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th.

CVR Partners Stock Up 2.0 %

Shares of NYSE:UAN traded up $1.50 during midday trading on Friday, reaching $76.50. 8,110 shares of the company’s stock were exchanged, compared to its average volume of 38,693. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.29 and a quick ratio of 1.38. The company’s 50 day simple moving average is $79.49 and its two-hundred day simple moving average is $74.32. CVR Partners has a 12 month low of $60.50 and a 12 month high of $94.38.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Monday, April 29th. The basic materials company reported $1.19 earnings per share for the quarter. CVR Partners had a return on equity of 26.35% and a net margin of 14.26%. The firm had revenue of $127.67 million for the quarter.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $1.92 dividend. This represents a $7.68 dividend on an annualized basis and a dividend yield of 10.04%. This is a boost from CVR Partners’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 10th. CVR Partners’s payout ratio is currently 97.71%.

CVR Partners Company Profile

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.