CVR Partners (NYSE:UAN) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• CVR Partners, LP's share price has recently surpassed its 200-day moving average, reaching a high of $90.50 before closing at $89.36.
• The company reported a quarterly earnings per share of $2.56 with a revenue of $142.87 million, reflecting strong financial performance.
• CVR Partners announced a dividend of $2.26 per share, yielding 11.3% and has a dividend payout ratio of 126.79%.

CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $80.79 and traded as high as $90.50. CVR Partners shares last traded at $89.36, with a volume of 13,898 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.

CVR Partners Trading Up 1.9%

The company has a market cap of $1.65 billion, a P/E ratio of 11.60 and a beta of 1.09. The company has a quick ratio of 1.69, a current ratio of 2.50 and a debt-to-equity ratio of 1.89. The firm's 50-day moving average price is $87.21 and its 200-day moving average price is $81.03.

CVR Partners (NYSE:UAN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. The business had revenue of $168.56 million for the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.92%.

CVR Partners Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Tuesday, May 13th were paid a $2.26 dividend. The ex-dividend date was Monday, May 12th. This represents a yield of 1,130.0%. CVR Partners's dividend payout ratio (DPR) is currently 126.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after buying an additional 1,520 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in CVR Partners in the 4th quarter worth approximately $233,000. Susquehanna Fundamental Investments LLC bought a new position in CVR Partners in the 4th quarter valued at $480,000. Stifel Financial Corp purchased a new position in shares of CVR Partners during the 4th quarter valued at $227,000. Finally, Rangeley Capital LLC purchased a new position in shares of CVR Partners during the 4th quarter valued at $1,823,000. Hedge funds and other 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.