CVR Partners (NYSE:UAN) Shares Gap Down – Should You Sell?

CVR Partners, LP (NYSE:UAN) gapped down before the market opened on Wednesday . The stock had previously closed at $78.93, but opened at $75.35. CVR Partners shares last traded at $80.54, with a volume of 5,669 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday.

CVR Partners Stock Performance

The stock has a market capitalization of $1.37 billion, a PE ratio of 13.85 and a beta of 1.35. The firm’s fifty day moving average is $78.53 and its 200-day moving average is $73.54. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.56%.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be issued a $1.75 dividend. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 8.77%. The ex-dividend date is Monday, March 3rd. CVR Partners’s payout ratio is 82.64%.

Insiders Place Their Bets

In other CVR Partners news, major shareholder Carl C. Icahn purchased 2,518 shares of CVR Partners stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $74.97 per share, with a total value of $188,774.46. Following the completion of the transaction, the insider now owns 147,213 shares of the company’s stock, valued at $11,036,558.61. This trade represents a 1.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 23,855 shares of company stock worth $1,777,923 over the last three months.

Institutional Trading of CVR Partners

Hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the third quarter worth about $51,000. Oxbow Advisors LLC lifted its position in shares of CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 295 shares in the last quarter. Summit Securities Group LLC lifted its position in shares of CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 1,600 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the fourth quarter worth about $226,000. Finally, Stifel Financial Corp acquired a new stake in shares of CVR Partners during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.