CVR Partners, LP (NYSE:UAN) Short Interest Update
by Renee Jackson · The Cerbat GemCVR Partners, LP (NYSE:UAN – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 199,187 shares, a drop of 17.1% from the March 31st total of 240,151 shares. Based on an average daily trading volume, of 92,657 shares, the short-interest ratio is currently 2.1 days. Currently, 1.9% of the shares of the stock are short sold.
Analysts Set New Price Targets
UAN has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of CVR Partners from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings lowered shares of CVR Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CVR Partners currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on UAN
Hedge Funds Weigh In On CVR Partners
A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of CVR Partners by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 196,556 shares of the basic materials company’s stock worth $20,147,000 after purchasing an additional 3,490 shares during the period. Oxbow Advisors LLC raised its stake in CVR Partners by 5.7% during the first quarter. Oxbow Advisors LLC now owns 69,768 shares of the basic materials company’s stock worth $8,838,000 after buying an additional 3,738 shares during the last quarter. ING Groep NV raised its stake in CVR Partners by 156.9% during the fourth quarter. ING Groep NV now owns 50,100 shares of the basic materials company’s stock worth $5,135,000 after buying an additional 30,600 shares during the last quarter. GraniteShares Advisors LLC bought a new position in CVR Partners during the fourth quarter worth $2,876,000. Finally, Bank of America Corp DE raised its stake in CVR Partners by 144.6% during the second quarter. Bank of America Corp DE now owns 21,376 shares of the basic materials company’s stock worth $1,899,000 after buying an additional 12,637 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.
CVR Partners Trading Down 0.4%
Shares of NYSE:UAN traded down $0.56 during mid-day trading on Friday, reaching $128.25. 65,142 shares of the company’s stock were exchanged, compared to its average volume of 87,149. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.15 and a beta of 0.16. The business’s fifty day moving average price is $123.75 and its 200-day moving average price is $108.61. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.36 and a current ratio of 2.75. CVR Partners has a twelve month low of $78.25 and a twelve month high of $139.50.
CVR Partners (NYSE:UAN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $4.72 EPS for the quarter. The company had revenue of $180.05 million for the quarter. CVR Partners had a net margin of 18.89% and a return on equity of 40.08%.
CVR Partners Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, May 11th will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 12.5%. This is a boost from CVR Partners’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, May 11th. CVR Partners’s dividend payout ratio (DPR) is presently 12.87%.
About CVR Partners
CVR Partners, L.P. (NYSE: UAN) is a publicly traded master limited partnership focused on the production and marketing of nitrogen fertilizer products. Headquartered in Sugar Land, Texas, the partnership owns and operates two nitrogen fertilizer plants in Coffeyville, Kansas, where it manufactures ammonia, granular urea, and urea ammonium nitrate (UAN) solutions. These products are essential nutrients for a wide range of row and specialty crops, helping growers optimize yield and soil fertility across diverse agricultural applications.
The partnership’s operations center on two integrated facilities connected by pipeline, rail and trucking infrastructure, enabling efficient logistics and year-round production.