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

Key Points

• CVR Partners shares moved above their 200-day moving average, reaching $125.45 and last trading near $124.97, compared with a 200-day average of $124.15.
• Analyst sentiment remains positive: Weiss Ratings reiterated a “buy” rating, and the stock has an average “Buy” rating from the analyst covering it.
• CVR Partners reported $7.33 in quarterly EPS on $202.19 million in revenue and raised its quarterly dividend to $6.08 per share, implying a 19.5% yield; however, its 160.42% payout ratio may raise sustainability concerns.

CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $124.15 and traded as high as $125.45. CVR Partners shares last traded at $124.9690, with a volume of 19,135 shares trading hands.

Analysts Set New Price Targets

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

CVR Partners Stock Performance

The company's 50-day simple moving average is $126.81 and its 200-day simple moving average is $124.15. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.24 and a beta of 0.26. 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 results on Wednesday, July 29th. The basic materials company reported $7.33 EPS for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%. The company had revenue of $202.19 million for the quarter.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a dividend of $6.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $24.32 annualized dividend and a yield of 19.5%. This is an increase from CVR Partners's previous quarterly dividend of $4.00. CVR Partners's dividend payout ratio is 160.42%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently made changes to their positions in the stock. Oxbow Advisors LLC lifted its stake in shares of CVR Partners by 5.7% in the first quarter. Oxbow Advisors LLC now owns 69,768 shares of the basic materials company's stock worth $8,838,000 after acquiring an additional 3,738 shares during the period. De Lisle Partners LLP bought a new stake in CVR Partners in the second quarter valued at approximately $6,058,000. ING Groep NV increased its position in CVR Partners by 156.9% during the 4th quarter. ING Groep NV now owns 50,100 shares of the basic materials company's stock valued at $5,135,000 after purchasing an additional 30,600 shares during the period. Royal Bank of Canada increased 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 valued at $1,400,000 after purchasing an additional 2,591 shares during the period. Finally, Bank of America Corp DE raised its holdings 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 worth $913,000 after purchasing an additional 4,955 shares during the last quarter. Institutional investors 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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