CVR Partners (NYSE:UAN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of CVR Partners, LP (NYSE:UAN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.47 and traded as high as $96.00. CVR Partners shares last traded at $95.15, with a volume of 15,642 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of CVR Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CVR Partners currently has an average rating of “Hold”.

CVR Partners Price Performance

The firm’s 50 day moving average price is $95.12 and its two-hundred day moving average price is $91.47. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.68 and a quick ratio of 1.92. The stock has a market cap of $1.63 billion, a PE ratio of 7.90 and a beta of 0.84.

CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $4.08 EPS for the quarter. The firm had revenue of $163.55 million during the quarter. CVR Partners had a return on equity of 41.38% and a net margin of 20.70%.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were paid a $4.02 dividend. The ex-dividend date was Monday, November 10th. This represents a $16.08 annualized dividend and a yield of 16.9%. This is a boost from CVR Partners’s previous quarterly dividend of $3.89. CVR Partners’s dividend payout ratio is currently 133.55%.

Institutional Trading of CVR Partners

A number of large investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth $54,000. BNP Paribas Financial Markets boosted its holdings in shares of CVR Partners by 1,888.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 875 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 831 shares in the last quarter. State of Wyoming increased its position in shares of CVR Partners by 41.9% during the 3rd quarter. State of Wyoming now owns 2,054 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 607 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of CVR Partners during the 2nd quarter valued at about $204,000. Finally, Bessemer Group Inc. bought a new stake in CVR Partners in the 3rd quarter worth approximately $214,000. 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.