CVR Partners (NYSE:UAN) Issues Earnings Results

CVR Partners (NYSE:UAN) released its earnings results on Tuesday. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.56%.

CVR Partners Trading Up 1.6 %

Shares of UAN stock opened at $80.16 on Thursday. The firm has a market cap of $1.37 billion, a P/E ratio of 13.92 and a beta of 1.35. CVR Partners has a 1-year low of $61.62 and a 1-year high of $88.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The firm’s 50-day simple moving average is $78.42 and its 200-day simple moving average is $73.49.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.75 per share. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 8.73%. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners’s dividend payout ratio is presently 82.64%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 2,518 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $74.97 per share, for a total transaction of $188,774.46. Following the acquisition, the insider now directly owns 147,213 shares in the company, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 23,855 shares of company stock worth $1,777,923 in the last three months.

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.