CVR Partners (NYSE:UAN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

CVR Partners, LP (NYSE:UAN - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $78.88 and traded as high as $90.00. CVR Partners shares last traded at $88.83, with a volume of 15,704 shares trading hands.

Wall Street Analyst Weigh In

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

CVR Partners Price Performance

The company has a market cap of $1.52 billion, a P/E ratio of 12.46 and a beta of 1.10. The stock has a 50-day simple moving average of $83.21 and a 200 day simple moving average of $78.88. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.69 and a current ratio of 2.50.

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

CVR Partners Announces Dividend

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

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn bought 5,308 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $73.87 per share, with a total value of $392,101.96. Following the completion of the purchase, the insider directly owned 267,253 shares in the company, valued at $19,741,979.11. The trade was a 2.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 31,726 shares of company stock worth $2,244,958. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently added to or reduced their stakes in UAN. Icahn Carl C lifted its position in shares of CVR Partners by 4.5% during the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock worth $308,868,000 after buying an additional 174,192 shares during the period. Rangeley Capital LLC acquired a new position in CVR Partners during the fourth quarter worth $1,823,000. Jane Street Group LLC bought a new position in shares of CVR Partners during the first quarter valued at $1,595,000. PEAK6 LLC acquired a new stake in shares of CVR Partners in the 1st quarter valued at $573,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of CVR Partners in the 4th quarter worth about $480,000. 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.

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