CVR Partners (NYSE:UAN) Shares Gap Down to $73.75

CVR Partners, LP (NYSE:UAN)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $73.75, but opened at $71.49. CVR Partners shares last traded at $71.49, with a volume of 4,042 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut CVR Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

CVR Partners Stock Performance

The company has a current ratio of 3.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $77.11 and a two-hundred day moving average price of $76.01. The stock has a market capitalization of $763.79 million, a P/E ratio of 9.38 and a beta of 1.30.

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

CVR Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be issued a dividend of $1.90 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $7.60 annualized dividend and a dividend yield of 10.52%. CVR Partners’s dividend payout ratio is currently 96.69%.

Institutional Trading of CVR Partners

Large investors have recently made changes to their positions in the company. Independent Advisor Alliance boosted its holdings in CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock worth $1,118,000 after acquiring an additional 1,377 shares in the last quarter. Jump Financial LLC grew its position in CVR Partners by 76.4% in the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after purchasing an additional 3,556 shares during the period. Parkside Financial Bank & Trust bought a new stake in CVR Partners during the 4th quarter valued at $458,000. Aristides Capital LLC bought a new position in shares of CVR Partners in the fourth quarter valued at $256,000. Finally, SG Americas Securities LLC acquired a new position in shares of CVR Partners during the first quarter valued at about $820,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.