CVR Partners (NYSE:UAN) Shares Up 1.6%

Shares of CVR Partners, LP (NYSE:UANGet Rating) shot up 1.6% during mid-day trading on Tuesday . The company traded as high as $134.40 and last traded at $134.35. 1,315 shares changed hands during trading, a decline of 99% from the average session volume of 95,118 shares. The stock had previously closed at $132.29.

Analyst Ratings Changes

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

CVR Partners Stock Up 0.3 %

The business has a 50-day simple moving average of $114.88 and a 200-day simple moving average of $124.03. The company has a market cap of $1.40 billion, a PE ratio of 4.58 and a beta of 1.48. The company has a quick ratio of 2.07, a current ratio of 2.96 and a debt-to-equity ratio of 1.19.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Friday, August 12th were issued a dividend of $10.05 per share. The ex-dividend date was Thursday, August 11th. This represents a $40.20 dividend on an annualized basis and a dividend yield of 30.35%. This is a boost from CVR Partners’s previous quarterly dividend of $2.26. CVR Partners’s dividend payout ratio is presently 138.91%.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of CVR Partners by 46.7% during the first quarter. JPMorgan Chase & Co. now owns 202,126 shares of the basic materials company’s stock valued at $27,887,000 after acquiring an additional 64,311 shares during the last quarter. Natixis raised its holdings in shares of CVR Partners by 389.2% during the second quarter. Natixis now owns 194,700 shares of the basic materials company’s stock valued at $19,441,000 after acquiring an additional 154,900 shares during the last quarter. Ion Asset Management Ltd. acquired a new position in shares of CVR Partners during the second quarter valued at approximately $9,157,000. Zazove Associates LLC acquired a new position in shares of CVR Partners during the first quarter valued at approximately $8,375,000. Finally, Bank of Montreal Can raised its holdings in shares of CVR Partners by 8.9% during the second quarter. Bank of Montreal Can now owns 60,130 shares of the basic materials company’s stock valued at $6,839,000 after acquiring an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 16.54% of the company’s stock.

CVR Partners Company Profile

(Get Rating)

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 and ammonium nitrate products to agricultural customers, as well as retailers and distributors.

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