CVR Partners (NYSE:UAN) Share Price Passes Above 200 Day Moving Average of $73.96

CVR Partners, LP (NYSE:UAN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $73.96 and traded as high as $77.97. CVR Partners shares last traded at $76.38, with a volume of 8,988 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CVR Partners from a “buy” rating to a “hold” rating in a report on Thursday.

CVR Partners Trading Down 0.1 %

The company’s 50 day moving average price is $79.63 and its 200 day moving average price is $73.96. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.38 and a current ratio of 2.29.

CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Monday, April 29th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $127.67 million during the quarter. CVR Partners had a net margin of 14.26% and a return on equity of 26.35%.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $1.92 dividend. The ex-dividend date was Friday, May 10th. This is an increase from CVR Partners’s previous quarterly dividend of $1.68. This represents a $7.68 dividend on an annualized basis and a yield of 10.05%. CVR Partners’s dividend payout ratio is 97.71%.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in UAN. Independent Advisor Alliance increased its position in CVR Partners by 8.8% in the 4th quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after acquiring an additional 1,377 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in CVR Partners in the 3rd quarter valued at about $123,000. Jump Financial LLC increased its position in CVR Partners by 76.4% in the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 3,556 shares in the last quarter. Aristides Capital LLC acquired a new stake in CVR Partners in the 4th quarter valued at about $256,000. Finally, Virtu Financial LLC acquired a new stake in CVR Partners in the 1st quarter valued at about $506,000. 43.83% of the stock is owned by institutional investors.

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.