CVR Partners (NYSE:UAN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

CVR Partners, LP (NYSE:UAN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.20 and traded as high as $76.64. CVR Partners shares last traded at $76.25, with a volume of 49,686 shares.

Wall Street Analyst Weigh In

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

CVR Partners Price Performance

The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The company has a 50-day moving average price of $78.87 and a 200-day moving average price of $74.20. The firm has a market capitalization of $1.31 billion, a PE ratio of 13.24 and a beta of 1.23.

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

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $1.75 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 9.18%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Insider Activity

In other CVR Partners news, major shareholder Carl C. Icahn bought 921 shares of CVR Partners stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $74.92 per share, for a total transaction of $69,001.32. Following the completion of the transaction, the insider now owns 169,654 shares of the company’s stock, valued at $12,710,477.68. This represents a 0.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 23,496 shares of company stock worth $1,751,820 over the last three months.

Hedge Funds Weigh In On CVR Partners

Several large investors have recently added to or reduced their stakes in UAN. Icahn Carl C lifted its position in CVR Partners by 4.5% during 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 period. Rangeley Capital LLC acquired a new stake in CVR Partners during the fourth quarter worth about $1,823,000. De Lisle Partners LLP increased its stake in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in CVR Partners during the fourth quarter worth about $480,000. Finally, Novem Group acquired a new stake in CVR Partners during the fourth quarter worth about $243,000. 43.83% of the stock is currently owned by hedge funds and other 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.