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

CVR Partners, LP (NYSE:UAN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of CVR Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

CVR Partners Stock Down 0.8 %

The firm’s 50-day moving average is $72.90 and its two-hundred day moving average is $72.93. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.28 and a current ratio of 2.20. The stock has a market cap of $821.68 million, a P/E ratio of 4.63 and a beta of 1.29.

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

CVR Partners Increases Dividend

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

Hedge Funds Weigh In On CVR Partners

Large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of CVR Partners by 34.6% during the 4th quarter. Barclays PLC now owns 650 shares of the basic materials company’s stock worth $65,000 after buying an additional 167 shares during the last quarter. Ulland Investment Advisors LLC lifted its stake in CVR Partners by 8.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,600 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 200 shares during the last quarter. Harbour Investments Inc. lifted its stake in CVR Partners by 189.3% in the 3rd quarter. Harbour Investments Inc. now owns 379 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 248 shares during the last quarter. Advisory Services Network LLC lifted its stake in CVR Partners by 508.5% in the 1st quarter. Advisory Services Network LLC now owns 359 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Finally, Mariner LLC lifted its stake in CVR Partners by 12.0% in the 3rd quarter. Mariner LLC now owns 3,043 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 43.83% of the company’s stock.

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.