CVR Partners (NYSE:UAN) Shares Gap Down - Should You Sell?

CVR Partners, LP (NYSE:UAN - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $67.84, but opened at $66.00. CVR Partners shares last traded at $69.15, with a volume of 1,866 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut CVR Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st.

CVR Partners Stock Up 1.4 %

The firm has a 50-day simple moving average of $75.20 and a 200 day simple moving average of $74.83. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The company has a market capitalization of $1.25 billion, a PE ratio of 12.70 and a beta of 0.89.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The firm had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

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CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $1.75 dividend. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. This represents a $7.00 annualized dividend and a dividend yield of 9.57%. CVR Partners's dividend payout ratio (DPR) is presently 121.53%.

Insider Buying and Selling at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 4,265 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of $72.05 per share, for a total transaction of $307,293.25. Following the transaction, the insider now owns 246,441 shares of the company's stock, valued at $17,756,074.05. This trade represents a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 41,266 shares of company stock worth $2,964,781 over the last 90 days.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of CVR Partners in the fourth quarter valued at approximately $226,000. Rangeley Capital LLC bought a new stake in shares of CVR Partners in the 4th quarter worth approximately $1,823,000. Summit Securities Group LLC increased its holdings in shares of CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after buying an additional 1,600 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the third quarter worth $51,000. Finally, Raymond James Financial Inc. purchased a new stake in CVR Partners during the fourth quarter valued at about $233,000. 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.