CVR Partners (NYSE:UAN) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• CVR Partners stock has recently crossed above its 200-day moving average, trading at $86.71 with a market capitalization of $1.48 billion.
• The company reported $3.67 earnings per share for its last quarter, alongside a dividend increase to $3.89, resulting in a 17.9% dividend yield.
• Institutional investors currently own 43.83% of CVR Partners, with significant stakes increased by firms like BNP Paribas and McIlrath & Eck LLC.

CVR Partners, LP (NYSE:UAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $83.09 and traded as high as $86.99. CVR Partners shares last traded at $86.71, with a volume of 16,267 shares changing hands.

CVR Partners Trading Up 1.3%

The business has a 50-day moving average price of $90.20 and a two-hundred day moving average price of $83.35. The stock has a market capitalization of $1.59 billion, a P/E ratio of 11.14 and a beta of 1.16. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 1.80.

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 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 declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were paid a dividend of $3.89 per share. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from CVR Partners's previous quarterly dividend of $2.26. This represents a $15.56 dividend on an annualized basis and a dividend yield of 16.8%. CVR Partners's payout ratio is 187.02%.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of CVR Partners by 1,888.6% during the second quarter. BNP Paribas Financial Markets now owns 875 shares of the basic materials company's stock worth $78,000 after acquiring an additional 831 shares during the last quarter. Bank of America Corp DE grew its stake in CVR Partners by 144.6% during the second quarter. Bank of America Corp DE now owns 21,376 shares of the basic materials company's stock worth $1,899,000 after purchasing an additional 12,637 shares during the period. Natixis acquired a new stake in CVR Partners during the second quarter worth approximately $4,442,000. De Lisle Partners LLP grew its stake in CVR Partners by 1.6% during the second quarter. De Lisle Partners LLP now owns 51,433 shares of the basic materials company's stock worth $4,569,000 after purchasing an additional 800 shares during the period. Finally, Aristides Capital LLC acquired a new stake in CVR Partners during the second quarter worth approximately $326,000. 43.83% of the stock is currently owned by institutional investors.

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.