CVR Partners (NYSE:UAN) Posts Earnings Results

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

CVR Partners Price Performance

CVR Partners stock opened at $80.16 on Thursday. CVR Partners has a 52 week low of $61.62 and a 52 week high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The firm’s 50-day simple moving average is $78.42 and its 200 day simple moving average is $73.49. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.92 and a beta of 1.35.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a $1.75 dividend. The ex-dividend date is Monday, March 3rd. 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%. CVR Partners’s payout ratio is currently 82.64%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn acquired 6,236 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $74.36 per share, for a total transaction of $463,708.96. Following the transaction, the insider now directly owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. This represents a 3.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 23,855 shares of company stock worth $1,777,923 in the last three months.

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.