CVR Partners (NYSE:UAN) Posts Quarterly Earnings Results

Key Points

• CVR Partners reported earnings of $3.67 per share for the quarter, with a net margin of 13.95% and a return on equity of 25.44%.
• The company announced a dividend of $2.26 per share, representing an 11.3% yield, although its payout ratio is high at 126.79%.
• Institutional investment in CVR Partners stands at 43.83%, with Jane Street Group LLC recently acquiring a stake valued at approximately $1.6 million.

CVR Partners (NYSE:UAN - Get Free Report) issued its quarterly earnings data on Wednesday. The basic materials company reported $3.67 EPS for the quarter, Zacks reports. The firm had revenue of $168.56 million during the quarter. CVR Partners had a return on equity of 29.92% and a net margin of 15.27%.

CVR Partners Stock Performance

Shares of CVR Partners stock traded up $1.07 during mid-day trading on Friday, hitting $95.80. 47,056 shares of the stock were exchanged, compared to its average volume of 19,137. The company has a market capitalization of $1.64 billion, a P/E ratio of 11.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.69 and a current ratio of 2.50. The company has a 50-day simple moving average of $87.50 and a 200 day simple moving average of $81.14. CVR Partners has a 12 month low of $62.94 and a 12 month high of $98.08.

CVR Partners Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Tuesday, May 13th were given a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 1,130.0%. CVR Partners's dividend payout ratio (DPR) is currently 187.02%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CVR Partners stock. Jane Street Group LLC bought a new position in CVR Partners, LP (NYSE:UAN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,221 shares of the basic materials company's stock, valued at approximately $1,595,000. Jane Street Group LLC owned about 0.12% of CVR Partners at the end of the most recent reporting period. 43.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CVR Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.

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.