CVR Partners (NYSE:UAN) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• CVR Partners' stock price recently crossed above its 200-day moving average of $83.65, reaching a high of $92.06 before settling at $91.00.
• The company increased its quarterly dividend from $2.26 to $3.89, yielding 17.1% annually, although its payout ratio stands at 187.02%.
• Large institutional investors are actively adjusting their stakes in CVR Partners, with JPMorgan Chase & Co. and Natixis among the notable new positions acquired in the second quarter.

CVR Partners, LP (NYSE:UAN - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $83.65 and traded as high as $92.06. CVR Partners shares last traded at $91.00, with a volume of 22,444 shares changing hands.

CVR Partners Stock Down 0.3%

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 firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.90 and a beta of 1.16. The firm has a 50 day moving average price of $90.30 and a 200-day moving average price of $83.77.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly 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 return on equity of 29.35% and a net margin of 15.27%.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $3.89 dividend. This represents a $15.56 annualized dividend and a dividend yield of 17.2%. This is an increase from CVR Partners's previous quarterly dividend of $2.26. The ex-dividend date was Monday, August 11th. CVR Partners's dividend payout ratio is currently 187.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UAN. JPMorgan Chase & Co. acquired a new position in CVR Partners during the second quarter valued at approximately $16,516,000. Natixis bought a new position in shares of CVR Partners during the second quarter worth approximately $4,442,000. Jane Street Group LLC bought a new position in shares of CVR Partners during the first quarter worth approximately $1,595,000. Bank of America Corp DE increased its stake in shares of 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. Finally, PEAK6 LLC bought a new position in CVR Partners during the 1st quarter worth $573,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.