CVR Partners (NYSE:UAN) Share Price Breaks Above 200-Day Moving Average - Should You Sell?

Key Points

• CVR Partners shares rose above their 200-day moving average, reaching $126 and last trading near $125.63, compared with the 200-day average of $123.90.
• Analyst sentiment remains positive, with Weiss Ratings reiterating a “buy” rating and the stock holding an average “Buy” rating from MarketBeat-tracked analysts.
• The company increased its quarterly dividend to $6.08, implying an annualized payout of $24.32 and a 19.4% dividend yield, although its payout ratio is elevated at 160.42%.

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 $123.90 and traded as high as $126.00. CVR Partners shares last traded at $125.6280, with a volume of 6,349 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of CVR Partners in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

CVR Partners Stock Performance

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 8.29 and a beta of 0.26. The stock's 50 day moving average is $127.05 and its two-hundred day moving average is $123.90. The company has a current ratio of 3.01, a quick ratio of 2.11 and a debt-to-equity ratio of 1.64.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share (EPS) for the quarter. The company had revenue of $202.19 million for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.

CVR Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $6.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from CVR Partners's previous quarterly dividend of $4.00. This represents a $24.32 dividend on an annualized basis and a dividend yield of 19.4%. CVR Partners's dividend payout ratio is currently 160.42%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds have recently made changes to their positions in the business. Aristides Capital LLC acquired a new position in CVR Partners in the 4th quarter valued at about $214,000. Webster Bank N. A. purchased a new stake in CVR Partners during the 1st quarter valued at approximately $380,000. Bank of America Corp DE raised its stake in CVR Partners by 219.8% during the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company's stock valued at $913,000 after acquiring an additional 4,955 shares during the last quarter. Royal Bank of Canada lifted its position in CVR Partners by 30.6% during the 1st quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company's stock worth $1,400,000 after acquiring an additional 2,591 shares during the period. Finally, De Lisle Partners LLP acquired a new stake in CVR Partners during the 2nd quarter worth approximately $6,058,000. Institutional investors and hedge funds own 43.83% of the company's stock.

CVR Partners Company Profile

CVR Partners, LP NYSE: UAN is a producer of nitrogen fertilizers serving the agricultural sector in the United States. The company manufactures ammonia and urea ammonium nitrate (UAN) fertilizer, which are used by farmers and agricultural distributors to provide crops with essential nitrogen.

CVR Partners operates nitrogen fertilizer production facilities in Coffeyville, Kansas, and East Dubuque, Illinois. Its Coffeyville facility is notable for using petroleum coke, a byproduct of the refining process, as a feedstock for ammonia production.

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