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

CVR Partners, LP (NYSE:UAN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $73.72 and traded as high as $78.34. CVR Partners shares last traded at $77.89, with a volume of 19,607 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.

CVR Partners Trading Up 1.4 %

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 13.52 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average of $79.04 and a 200-day moving average of $73.79.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a dividend of $1.75 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 8.99%. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 6,236 shares of CVR Partners stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $74.36 per share, with a total value of $463,708.96. Following the completion of the transaction, the insider now directly owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. This represents a 3.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders bought 23,855 shares of company stock valued at $1,777,923.

Institutional Trading of CVR Partners

A number of institutional investors and hedge funds have recently made changes to their positions in UAN. Icahn Carl C lifted its position in shares of CVR Partners by 4.5% in the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after buying an additional 174,192 shares during the last quarter. Rangeley Capital LLC acquired a new stake in shares of CVR Partners in the fourth quarter worth about $1,823,000. De Lisle Partners LLP lifted its position in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 7,000 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of CVR Partners in the fourth quarter worth about $480,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners in the third quarter worth about $244,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.