CVR Partners (NYSE:UAN) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• CVR Partners (NYSE:UAN) shares recently surpassed their 200-day moving average, reaching a trading high of $90.90 before closing at $90.70.
• The company announced an increase in its quarterly dividend to $3.89, resulting in a significant annualized yield of 17.2%.
• Institutional investors have shown increased interest, with 43.83% of the stock now owned by hedge funds and other institutions, reflecting a notable uptick in investment activity.

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 $84.43 and traded as high as $90.90. CVR Partners shares last traded at $90.70, with a volume of 19,537 shares traded.

CVR Partners Stock Performance

The firm has a 50-day moving average price of $90.57 and a 200 day moving average price of $84.43. The firm has a market capitalization of $1.55 billion, a PE ratio of 10.90 and a beta of 1.16. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 1.80.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $3.67 EPS 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 business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were issued a $3.89 dividend. This represents a $15.56 dividend on an annualized basis and a yield of 17.2%. This is a boost from CVR Partners's previous quarterly dividend of $2.26. The ex-dividend date was Monday, August 11th. CVR Partners's dividend payout ratio (DPR) is 187.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in CVR Partners by 1,888.6% in the second quarter. BNP Paribas Financial Markets now owns 875 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 831 shares during the period. Bank of America Corp DE boosted its holdings in CVR Partners by 144.6% in the second quarter. Bank of America Corp DE now owns 21,376 shares of the basic materials company's stock valued at $1,899,000 after purchasing an additional 12,637 shares during the period. Natixis purchased a new position in CVR Partners in the second quarter valued at $4,442,000. De Lisle Partners LLP boosted its holdings in CVR Partners by 1.6% in the second quarter. De Lisle Partners LLP now owns 51,433 shares of the basic materials company's stock valued at $4,569,000 after purchasing an additional 800 shares during the period. Finally, Aristides Capital LLC purchased a new position in CVR Partners in the second quarter valued at $326,000. 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.

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