CVR Partners (NYSE:UAN) Issues Quarterly Earnings Results

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

CVR Partners Price Performance

CVR Partners stock traded down $0.96 during midday trading on Friday, reaching $79.78. The company's stock had a trading volume of 37,381 shares, compared to its average volume of 32,649. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.37 billion, a PE ratio of 13.85 and a beta of 1.35. CVR Partners has a 52 week low of $61.62 and a 52 week high of $88.94. The business has a 50-day moving average price of $78.62 and a 200-day moving average price of $73.58.

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 dividend of $1.75 per share. This is an increase from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners's dividend payout ratio is currently 82.64%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 2,518 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $74.97 per share, with a total value of $188,774.46. Following the acquisition, the insider now owns 147,213 shares of the company's stock, valued at $11,036,558.61. This trade represents a 1.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders purchased 23,855 shares of company stock valued at $1,777,923.

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.