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CVR Partners (NYSE:UAN) Reaches New 52-Week High - Should You Buy?

CVR Partners logo with Basic Materials background

Key Points

  • CVR Partners' shares reached a new 52-week high, trading at $98.38 before closing at $97.49, marking a significant increase in its stock value.
  • The company recently announced a dividend of $3.89, representing a striking yield of 1,601.0%, up from a previous dividend of $2.26.
  • Wall Street analysts upgraded CVR Partners from a "buy" rating to a "strong-buy" rating, indicating strong investor confidence in the company's future performance.
  • Looking to Export and Analyze CVR Partners Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

CVR Partners, LP (NYSE:UAN - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $98.38 and last traded at $97.49, with a volume of 15702 shares traded. The stock had previously closed at $95.93.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on CVR Partners

CVR Partners Stock Down 0.3%

The firm's 50 day moving average is $88.64 and its two-hundred day moving average is $81.51. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 11.50 and a beta of 1.07. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 1.80.

CVR Partners (NYSE:UAN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share for the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.35%. The firm had revenue of $168.56 million during the quarter.

CVR Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 18th. Investors of record on Tuesday, August 12th will be paid a $3.89 dividend. This represents a yield of 1,601.0%. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from CVR Partners's previous dividend of $2.26. CVR Partners's dividend payout ratio is presently 187.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UAN. Raymond James Financial Inc. acquired a new position in shares of CVR Partners during the 4th quarter valued at about $233,000. Stifel Financial Corp acquired a new position in shares of CVR Partners during the 4th quarter valued at about $227,000. MGO One Seven LLC acquired a new position in shares of CVR Partners during the 4th quarter valued at about $243,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of CVR Partners during the 4th quarter valued at about $480,000. Finally, Icahn Carl C increased its stake in shares of CVR Partners by 4.5% during the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock valued at $308,868,000 after acquiring an additional 174,192 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.

CVR Partners Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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