CVR Partners (NYSE:UAN) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• CVR Partners shares crossed above their 200-day moving average of $123, reaching $136.47 before last trading at $132.50.
• The company reported quarterly EPS of $7.33 on revenue of $202.19 million, while an analyst and Weiss Ratings maintained a Buy rating.
• CVR Partners increased its quarterly dividend to $6.08, implying a $24.32 annualized payout and an approximately 18.4% yield; institutional investors own 43.83% of the stock.

Shares of 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 $123.00 and traded as high as $136.47. CVR Partners shares last traded at $132.50, with a volume of 43,194 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of CVR Partners in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy".

CVR Partners Trading Down 2.5%

The firm has a 50-day moving average price of $124.19 and a 200-day moving average price of $123.00. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01. The stock has a market cap of $1.40 billion, a PE ratio of 8.74 and a beta of 0.16.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $7.33 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 company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $6.08 dividend. This is a boost from CVR Partners's previous quarterly dividend of $4.00. This represents a $24.32 annualized dividend and a dividend yield of 18.4%. The ex-dividend date was Monday, August 10th. CVR Partners's payout ratio is currently 160.42%.

Institutional Investors Weigh In On CVR Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oxbow Advisors LLC boosted its stake in CVR Partners by 5.7% during the 1st quarter. Oxbow Advisors LLC now owns 69,768 shares of the basic materials company's stock valued at $8,838,000 after purchasing an additional 3,738 shares during the last quarter. De Lisle Partners LLP bought a new position in shares of CVR Partners during the second quarter valued at $6,058,000. ING Groep NV boosted its position in shares of CVR Partners by 156.9% during the fourth quarter. ING Groep NV now owns 50,100 shares of the basic materials company's stock valued at $5,135,000 after buying an additional 30,600 shares during the last quarter. Royal Bank of Canada boosted its position in shares of CVR Partners by 30.6% during the first quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company's stock valued at $1,400,000 after buying an additional 2,591 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in CVR Partners by 219.8% in the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company's stock worth $913,000 after buying an additional 4,955 shares in the last quarter. Institutional investors own 43.83% of the company's stock.

CVR Partners Company Profile

CVR Partners, LP is a publicly traded limited partnership that produces and sells nitrogen fertilizer products for agricultural and industrial customers. Its principal products include ammonia and urea ammonium nitrate (UAN) solution, which are used by farmers to supply nitrogen to crops.

The company operates nitrogen fertilizer manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois. These locations allow CVR Partners to serve agricultural markets primarily in the central United States, including areas within the U.S.

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