CVR Partners (NYSE:UAN) Lifted to Buy at StockNews.com

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

CVR Partners Stock Performance

Shares of UAN stock opened at $67.40 on Thursday. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of $71.27 and a two-hundred day moving average price of $75.81. CVR Partners has a 12-month low of $60.50 and a 12-month high of $88.94.

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

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend was Monday, August 12th. CVR Partners’s dividend payout ratio (DPR) is currently 96.69%.

Institutional Investors Weigh In On CVR Partners

Hedge funds have recently added to or reduced their stakes in the company. Oxbow Advisors LLC purchased a new position in shares of CVR Partners in the second quarter worth about $212,000. Aristides Capital LLC purchased a new position in shares of CVR Partners in the fourth quarter worth about $256,000. Virtu Financial LLC purchased a new position in shares of CVR Partners in the first quarter worth about $506,000. SG Americas Securities LLC purchased a new position in shares of CVR Partners in the first quarter worth about $820,000. Finally, Founders Financial Alliance LLC increased its holdings in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,400 shares during the period. Institutional investors own 43.83% of the company’s stock.

About CVR Partners

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.