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

CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.92 and traded as high as $77.99. CVR Partners shares last traded at $74.57, with a volume of 33,087 shares.

Wall Street Analyst Weigh In

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

CVR Partners Stock Performance

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The stock's fifty day moving average is $78.85 and its two-hundred day moving average is $73.99. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 13.11 and a beta of 1.24.

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

Remove Ads

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid 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 was Monday, March 3rd. This represents a $7.00 annualized dividend and a yield of 9.27%. CVR Partners's dividend payout ratio (DPR) is presently 121.53%.

Insider Activity

In other CVR Partners news, major shareholder Carl C. Icahn acquired 2,287 shares of CVR Partners stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $74.55 per share, for a total transaction of $170,495.85. Following the transaction, the insider now owns 153,155 shares in the company, valued at approximately $11,417,705.25. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders acquired 34,503 shares of company stock worth $2,571,403.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UAN. Icahn Carl C boosted its holdings 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 period. Rangeley Capital LLC acquired a new position in shares of CVR Partners in the fourth quarter worth about $1,823,000. De Lisle Partners LLP boosted its holdings 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 period. Susquehanna Fundamental Investments LLC acquired a new position in shares of CVR Partners in the fourth quarter worth about $480,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of CVR Partners in the third quarter worth about $244,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.