Shares of CVR Partners, LP (NYSE:UAN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $72.93 and traded as high as $77.03. CVR Partners shares last traded at $75.59, with a volume of 10,438 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded CVR Partners from a "buy" rating to a "hold" rating in a report on Wednesday, March 20th.
View Our Latest Stock Report on UAN
CVR Partners Stock Up 1.0 %
The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.28 and a current ratio of 2.20. The firm has a market capitalization of $809.45 million, a P/E ratio of 4.70 and a beta of 1.29. The stock has a fifty day moving average price of $72.90 and a two-hundred day moving average price of $72.93.
CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.94 earnings per share for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%. The business had revenue of $141.62 million during the quarter.
CVR Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 8.78%. This is an increase from CVR Partners's previous quarterly dividend of $1.55. The ex-dividend date of this dividend was Friday, March 1st. CVR Partners's payout ratio is 41.20%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in UAN. Coppell Advisory Solutions LLC bought a new position in CVR Partners during the 2nd quarter worth $28,000. Harbour Investments Inc. grew its stake in CVR Partners by 189.3% during the 3rd quarter. Harbour Investments Inc. now owns 379 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the last quarter. Advisory Services Network LLC grew its stake in CVR Partners by 508.5% during the 1st quarter. Advisory Services Network LLC now owns 359 shares of the basic materials company's stock worth $32,000 after buying an additional 300 shares during the last quarter. Citigroup Inc. acquired a new position in CVR Partners during the 1st quarter worth $55,000. Finally, Advisor Group Holdings Inc. boosted its position in CVR Partners by 707.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 420 shares of the basic materials company's stock worth $58,000 after acquiring an additional 368 shares during the period. 43.83% of the stock is currently owned by institutional investors.
About CVR Partners
(
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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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