CVR Partners (NYSE:UAN) Stock Passes Above 200-Day Moving Average - Here's Why

CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $79.80 and traded as high as $91.37. CVR Partners shares last traded at $90.12, with a volume of 34,666 shares trading hands.

Wall Street Analysts Forecast Growth

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

CVR Partners Trading Up 1.0%

The stock has a 50-day simple moving average of $85.79 and a 200 day simple moving average of $80.11. The company has a current ratio of 2.50, a quick ratio of 1.69 and a debt-to-equity ratio of 1.89. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 12.50 and a beta of 1.09.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share for the quarter. CVR Partners had a net margin of 13.95% and a return on equity of 25.44%. The company had revenue of $142.87 million for the quarter.

CVR Partners Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Tuesday, May 13th were issued a dividend of $2.26 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 11.3%. CVR Partners's dividend payout ratio (DPR) is presently 126.79%.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 5,308 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $73.87 per share, with a total value of $392,101.96. Following the acquisition, the insider directly owned 267,253 shares in the company, valued at $19,741,979.11. This represents a 2.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC increased its stake in shares of CVR Partners by 137.2% in the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock valued at $137,000 after purchasing an additional 1,043 shares in the last quarter. Chancellor Financial Group WB LP acquired a new stake in CVR Partners in the fourth quarter valued at approximately $209,000. Summit Securities Group LLC raised its stake in shares of CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC acquired a new position in shares of CVR Partners during the 4th quarter worth approximately $226,000. Finally, Stifel Financial Corp acquired a new stake in CVR Partners in the 4th quarter valued at $227,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.