CVR Partners (NYSE:UAN) Shares Down 3.9% - Time to Sell?

Key Points

• CVR Partners shares fell 3.9% to about $128.68 in light trading, versus an average session volume of roughly 59,207 shares.
• The company reported quarterly EPS of $7.33 on revenue of $202.19 million, with a 23.67% net margin and 51.56% return on equity. An analyst and Weiss Ratings maintained a positive “Buy” view.
• CVR Partners increased its quarterly dividend to $6.08 per share, equivalent to an annualized $24.32 and an 18.7% yield, although its payout ratio reached 160.42%.

CVR Partners, LP (NYSE:UAN - Get Free Report) shares were down 3.9% during trading on Monday . The stock traded as low as $127.85 and last traded at $128.6770. Approximately 14,630 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 59,207 shares. The stock had previously closed at $133.91.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of CVR Partners in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

CVR Partners Stock Down 2.8%

The firm has a market cap of $1.38 billion, a P/E ratio of 8.55 and a beta of 0.16. The stock's 50 day simple moving average is $125.58 and its 200 day simple moving average is $123.91. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share for the quarter. The firm had revenue of $202.19 million for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a dividend of $6.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $24.32 dividend on an annualized basis and a yield of 18.7%. This is an increase from CVR Partners's previous quarterly dividend of $4.00. CVR Partners's dividend payout ratio is presently 160.42%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. De Lisle Partners LLP bought a new stake in CVR Partners during the second quarter worth $6,058,000. Bank of America Corp DE increased its position in shares of CVR Partners by 219.8% during the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company's stock valued at $913,000 after purchasing an additional 4,955 shares during the last quarter. Royal Bank of Canada raised its stake in shares of CVR Partners by 30.6% during the 1st quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company's stock worth $1,400,000 after purchasing an additional 2,591 shares during the period. Oxbow Advisors LLC boosted its holdings in shares of CVR Partners by 5.7% in the 1st quarter. Oxbow Advisors LLC now owns 69,768 shares of the basic materials company's stock worth $8,838,000 after buying an additional 3,738 shares during the last quarter. Finally, Webster Bank N. A. bought a new position in CVR Partners during the first quarter valued at about $380,000. Institutional investors own 43.83% of the company's stock.

About CVR Partners

CVR Partners, LP is a publicly traded limited partnership that produces and sells nitrogen fertilizer products for agricultural and industrial customers. Its principal products include ammonia and urea ammonium nitrate (UAN) solution, which are used by farmers to supply nitrogen to crops.

The company operates nitrogen fertilizer manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois. These locations allow CVR Partners to serve agricultural markets primarily in the central United States, including areas within the U.S.

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