CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $81.32 and traded as high as $97.84. CVR Partners shares last traded at $96.96, with a volume of 38,857 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised CVR Partners from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 30th.
Read Our Latest Research Report on UAN
CVR Partners Trading Up 0.7%
The company has a debt-to-equity ratio of 1.80, a current ratio of 3.45 and a quick ratio of 2.40. The company has a fifty day moving average of $88.92 and a 200-day moving average of $81.61. The firm has a market capitalization of $1.65 billion, a PE ratio of 11.62 and a beta of 1.07.
CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 29.35% and a net margin of 15.27%. The business had revenue of $168.56 million during the quarter.
CVR Partners Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, August 18th. Investors of record on Tuesday, August 12th will be issued a dividend of $3.89 per share. This is a positive change from CVR Partners's previous dividend of $2.26. This represents a dividend yield of 1,601.0%. The ex-dividend date is Monday, August 11th. CVR Partners's dividend payout ratio is 108.65%.
Institutional Trading of CVR Partners
Several hedge funds and other institutional investors have recently modified their holdings of the company. SP Asset Management LLC purchased a new stake in shares of CVR Partners during the second quarter worth $558,000. Apollon Wealth Management LLC raised its holdings in CVR Partners by 17.4% during the second quarter. Apollon Wealth Management LLC now owns 7,380 shares of the basic materials company's stock valued at $656,000 after buying an additional 1,094 shares in the last quarter. Jane Street Group LLC bought a new position in CVR Partners during the first quarter valued at about $1,595,000. Advisors Asset Management Inc. bought a new position in CVR Partners during the first quarter valued at about $266,000. Finally, State of Wyoming raised its holdings in CVR Partners by 45.4% during the first quarter. State of Wyoming now owns 3,310 shares of the basic materials company's stock valued at $249,000 after buying an additional 1,033 shares in the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.
CVR Partners Company Profile
(
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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.
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