MGO One Seven LLC Has $304,000 Holdings in CVR Partners, LP $UAN

MGO One Seven LLC reduced its position in CVR Partners, LP (NYSE:UAN) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,424 shares of the basic materials company’s stock after selling 352 shares during the period. MGO One Seven LLC’s holdings in CVR Partners were worth $304,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State of Wyoming increased its position in CVR Partners by 45.4% in the 1st quarter. State of Wyoming now owns 3,310 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 1,033 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of CVR Partners during the 1st quarter valued at about $266,000. Virtu Financial LLC increased its holdings in shares of CVR Partners by 34.5% during the 1st quarter. Virtu Financial LLC now owns 4,010 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 1,029 shares during the last quarter. Novem Group increased its holdings in shares of CVR Partners by 25.0% during the 1st quarter. Novem Group now owns 4,000 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 800 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of CVR Partners by 46.4% during the 1st quarter. Apollon Wealth Management LLC now owns 6,286 shares of the basic materials company’s stock valued at $473,000 after acquiring an additional 1,991 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

CVR Partners Price Performance

Shares of NYSE:UAN opened at $90.38 on Monday. The business has a 50 day moving average price of $90.34 and a 200 day moving average price of $86.03. CVR Partners, LP has a twelve month low of $62.94 and a twelve month high of $98.99. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 10.86 and a beta of 1.12. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 1.80.

CVR Partners (NYSE:UAN) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share for the quarter. CVR Partners had a return on equity of 29.35% and a net margin of 15.27%.The firm had revenue of $168.56 million during the quarter.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a $3.89 dividend. The ex-dividend date was Monday, August 11th. This represents a $15.56 dividend on an annualized basis and a dividend yield of 17.2%. This is an increase from CVR Partners’s previous quarterly dividend of $2.26. CVR Partners’s dividend payout ratio is 187.02%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of CVR Partners in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, CVR Partners has an average rating of “Buy”.

About CVR Partners

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.