2,988 Shares in CVR Partners, LP (NYSE:UAN) Acquired by Stifel Financial Corp

Stifel Financial Corp acquired a new position in CVR Partners, LP (NYSE:UAN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,988 shares of the basic materials company’s stock, valued at approximately $227,000.

Other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC increased its holdings in shares of CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 1,600 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of CVR Partners in the fourth quarter valued at about $226,000. Raymond James Financial Inc. purchased a new stake in shares of CVR Partners in the fourth quarter worth about $233,000. Apollon Wealth Management LLC lifted its position in shares of CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after buying an additional 667 shares in the last quarter. Finally, Rangeley Capital LLC purchased a new stake in shares of CVR Partners in the fourth quarter worth about $1,823,000. 43.83% of the stock is currently owned by institutional investors.

CVR Partners Trading Up 0.9%

UAN opened at $81.48 on Friday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 14.15 and a beta of 1.07. The stock’s 50 day moving average price is $75.80 and its 200-day moving average price is $76.14. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

CVR Partners (NYSE:UAN) last posted its earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share for the quarter. The company had revenue of $142.87 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Tuesday, May 13th will be paid a $2.26 dividend. The ex-dividend date is Monday, May 12th. This represents a yield of 11.3%. CVR Partners’s dividend payout ratio (DPR) is 126.79%.

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn acquired 6,071 shares of the company’s stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $66.65 per share, with a total value of $404,632.15. Following the completion of the acquisition, the insider now owns 219,620 shares in the company, valued at approximately $14,637,673. This trade represents a 2.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 51,742 shares of company stock worth $3,739,884 in the last 90 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CVR Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 30th.

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.