CVR Partners (NYSE:UAN) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of CVR Partners (NYSE:UAN) from a hold rating to a strong-buy rating in a report issued on Wednesday.

CVR Partners Stock Down 0.4 %

UAN opened at $65.91 on Wednesday. CVR Partners has a 12 month low of $60.50 and a 12 month high of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.73 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $68.94 and its 200-day moving average price is $74.67. The company has a market cap of $1.13 billion, a P/E ratio of 13.26 and a beta of 1.28.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Friday, November 8th. CVR Partners’s dividend payout ratio is 152.92%.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAN. Oxbow Advisors LLC grew its holdings in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners in the third quarter worth about $293,000. Virtu Financial LLC purchased a new position in CVR Partners during the 1st quarter valued at about $506,000. SG Americas Securities LLC bought a new position in CVR Partners during the 1st quarter valued at approximately $820,000. Finally, Founders Financial Alliance LLC lifted its holdings in CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,400 shares during the period. 43.83% of the stock is currently owned by institutional investors.

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.