CVR Partners (NYSE:UAN) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

CVR Partners, LP (NYSE:UAN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Analyst Weigh In

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

CVR Partners Stock Performance

The stock's fifty day simple moving average is $78.94 and its 200-day simple moving average is $73.84. The company has a market capitalization of $1.29 billion, a PE ratio of 13.09 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.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share 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%.

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CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date is Monday, March 3rd. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. CVR Partners's payout ratio is currently 121.53%.

Insider Activity at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 2,518 shares of CVR Partners stock in a transaction on Monday, December 16th. The shares were bought at an average price of $74.97 per share, with a total value of $188,774.46. Following the purchase, the insider now directly owns 147,213 shares in the company, valued at $11,036,558.61. This trade represents a 1.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 23,855 shares of company stock valued at $1,777,923.

Hedge Funds Weigh In On CVR Partners

Several institutional investors have recently added to or reduced their stakes in UAN. McIlrath & Eck LLC boosted its stake in CVR Partners by 137.2% in the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock worth $137,000 after buying an additional 1,043 shares during the last quarter. Novem Group purchased a new position in shares of CVR Partners during the 4th quarter worth about $243,000. Bank of America Corp DE boosted its position in shares of CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after acquiring an additional 1,520 shares during the last quarter. Icahn Carl C grew its holdings in 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 valued at $308,868,000 after purchasing an additional 174,192 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in CVR Partners during the fourth quarter worth approximately $480,000. 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.