CVR Partners (NYSE:UAN) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

CVR Partners, LP (NYSE:UAN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

CVR Partners Stock Performance

The firm has a market capitalization of $1.52 billion, a PE ratio of 12.47 and a beta of 1.09. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.50 and a quick ratio of 1.69. The company's fifty day simple moving average is $84.21 and its 200 day simple moving average is $79.22.

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

CVR Partners Dividend Announcement

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

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 5,308 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of $73.87 per share, with a total value of $392,101.96. Following the completion of the acquisition, the insider 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 filing with the SEC, which is available through this hyperlink. Insiders have bought 31,226 shares of company stock valued at $2,207,468 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On CVR Partners

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