CVR Partners (NYSE:UAN) Shares Gap Down – Should You Sell?

CVR Partners, LP (NYSE:UAN) gapped down before the market opened on Monday . The stock had previously closed at $99.67, but opened at $95.15. CVR Partners shares last traded at $95.26, with a volume of 13,940 shares.

Analyst Ratings Changes

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

CVR Partners Trading Down 2.3%

The firm’s fifty day simple moving average is $91.70 and its 200 day simple moving average is $88.63. The stock has a market capitalization of $1.67 billion, a P/E ratio of 8.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.40 and a current ratio of 3.45.

CVR Partners (NYSE:UAN) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $4.08 earnings per share (EPS) for the quarter. The business had revenue of $163.55 million for the quarter. CVR Partners had a net margin of 20.70% and a return on equity of 41.88%.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be paid a $4.02 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $3.89. This represents a $16.08 annualized dividend and a dividend yield of 16.5%. The ex-dividend date of this dividend is Monday, November 10th. CVR Partners’s payout ratio is currently 133.55%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently made changes to their positions in UAN. JPMorgan Chase & Co. acquired a new position in CVR Partners in the second quarter valued at $16,516,000. Natixis acquired a new stake in CVR Partners in the 2nd quarter valued at $4,442,000. Jane Street Group LLC bought a new stake in shares of CVR Partners during the first quarter worth about $1,595,000. Bank of America Corp DE lifted its holdings in shares of CVR Partners by 144.6% in the second quarter. Bank of America Corp DE now owns 21,376 shares of the basic materials company’s stock valued at $1,899,000 after purchasing an additional 12,637 shares in the last quarter. Finally, PEAK6 LLC bought a new stake in CVR Partners during the first quarter worth $573,000. Institutional investors own 43.83% of the company’s stock.

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.