Wells Fargo & Company MN Sells 597 Shares of CVR Partners, LP (NYSE:UAN)

Wells Fargo & Company MN reduced its position in CVR Partners, LP (NYSE:UAN) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,786 shares of the basic materials company’s stock after selling 597 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of CVR Partners worth $1,275,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rangeley Capital LLC bought a new position in CVR Partners in the 4th quarter valued at $1,823,000. Summit Securities Group LLC boosted its stake in CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC purchased a new position in CVR Partners during the fourth quarter worth about $226,000. Raymond James Financial Inc. bought a new position in CVR Partners in the 4th quarter worth about $233,000. Finally, Apollon Wealth Management LLC raised its holdings in shares of CVR Partners by 18.4% in the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 667 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

CVR Partners Price Performance

Shares of NYSE:UAN opened at $80.06 on Tuesday. The company’s fifty day moving average price is $74.72 and its 200-day moving average price is $75.32. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.90 and a beta of 0.89. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a dividend of $1.75 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 5,308 shares of the stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $73.87 per share, with a total value of $392,101.96. Following the purchase, the insider now owns 267,253 shares in the company, valued at approximately $19,741,979.11. The trade was a 2.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have acquired 51,742 shares of company stock valued at $3,739,884.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

CVR Partners 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.