CVR Partners (NYSE:UAN) Shares Gap Up to $90.98

CVR Partners, LP (NYSE:UAN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $90.98, but opened at $94.09. CVR Partners shares last traded at $95.58, with a volume of 3,232 shares trading hands.

The company has a market capitalization of $1.07 billion, a PE ratio of 2,511.25 and a beta of 1.81. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.70 and a quick ratio of 1.19. The company’s 50 day simple moving average is $80.91 and its 200 day simple moving average is $71.10.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Monday, November 1st. The basic materials company reported $3.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.42) by $6.70. The company had revenue of $144.72 million for the quarter. CVR Partners had a negative net margin of 0.05% and a negative return on equity of 0.07%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 22nd. Stockholders of record on Friday, November 12th were issued a $2.93 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.72. This represents a $11.72 annualized dividend and a dividend yield of 11.67%. The ex-dividend date was Wednesday, November 10th. CVR Partners’s dividend payout ratio is presently 29,300.00%.

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in shares of CVR Partners in the second quarter valued at approximately $71,000. PEAK6 Investments LLC acquired a new stake in CVR Partners in the third quarter valued at $268,000. Russell Investments Group Ltd. acquired a new stake in CVR Partners in the second quarter valued at $247,000. Independent Advisor Alliance acquired a new stake in CVR Partners in the second quarter valued at $296,000. Finally, Marshall Wace LLP purchased a new position in shares of CVR Partners in the third quarter valued at $466,000. 22.61% of the stock is owned by institutional investors and hedge funds.

About CVR Partners (NYSE:UAN)

CVR Partners LP is a holding company, which engages in the nitrogen fertilizer business. Its products include ammonia and urea ammonium nitrate fertilizers. The company was founded on June 1, 2007 and is headquartered in Sugar Land, TX.

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