CVR Partners (NYSE:UAN) Share Price Passes Above 200-Day Moving Average of $72.93

CVR Partners, LP (NYSE:UAN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $72.93 and traded as high as $77.03. CVR Partners shares last traded at $75.59, with a volume of 10,438 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CVR Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

CVR Partners Stock Down 0.8 %

The stock has a market capitalization of $821.68 million, a price-to-earnings ratio of 4.63 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 2.20 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average of $72.90 and a two-hundred day moving average of $72.93.

CVR Partners (NYSE:UAN) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.94 EPS for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%. The firm had revenue of $141.62 million for the quarter.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $6.72 dividend on an annualized basis and a yield of 8.89%. This is an increase from CVR Partners’s previous quarterly dividend of $1.55. CVR Partners’s payout ratio is 41.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new stake in shares of CVR Partners during the 2nd quarter worth about $28,000. Advisory Services Network LLC boosted its stake in shares of CVR Partners by 508.5% during the 1st quarter. Advisory Services Network LLC now owns 359 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of CVR Partners by 189.3% during the 3rd quarter. Harbour Investments Inc. now owns 379 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares in the last quarter. Citigroup Inc. bought a new stake in shares of CVR Partners during the 1st quarter worth about $55,000. Finally, Advisor Group Holdings Inc. boosted its stake in shares of CVR Partners by 707.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 420 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.