CVR Partners (NYSE:UAN) Issues 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 earnings per share for the quarter, Zacks reports. CVR Partners had a net margin of 15.27% and a return on equity of 29.92%. The business had revenue of $168.56 million during the quarter.

CVR Partners Stock Performance

Shares of NYSE:UAN traded up $1.07 during mid-day trading on Friday, reaching $95.80. The company had a trading volume of 47,056 shares, compared to its average volume of 19,137. CVR Partners has a one year low of $62.94 and a one year high of $98.08. The company has a current ratio of 2.50, a quick ratio of 1.69 and a debt-to-equity ratio of 1.89. The company's 50-day moving average price is $87.50 and its 200-day moving average price is $81.13. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 11.51 and a beta of 1.07.

CVR Partners Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 19th. Shareholders of record on Tuesday, May 13th were given a $2.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 1,130.0%. CVR Partners's payout ratio is currently 108.65%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CVR Partners stock. Jane Street Group LLC acquired a new position in CVR Partners, LP (NYSE:UAN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.