CVR Partners (NYSE:UAN) Share Price Passes Above 200 Day Moving Average - Should You Sell?

CVR Partners, LP (NYSE:UAN - Get Free Report)'s stock price passed 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 traded.

Wall Street Analysts Forecast Growth

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

CVR Partners Stock Up 0.8 %

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 firm has a market cap of $1.30 billion, a P/E ratio of 13.20 and a beta of 1.23. The firm's 50-day moving average price is $78.88 and its 200 day moving average price is $74.32.

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

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CVR Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.21%. This is a boost from CVR Partners's previous quarterly dividend of $1.19. CVR Partners's dividend payout ratio (DPR) is currently 121.53%.

Insider Buying and Selling at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 2,532 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $73.77 per share, with a total value of $186,785.64. Following the acquisition, the insider now owns 184,216 shares in the company, valued at approximately $13,589,614.32. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 17,260 shares of company stock worth $1,288,111 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UAN. De Lisle Partners LLP lifted its stake in 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 valued at $3,071,000 after buying an additional 7,000 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the 3rd quarter worth about $51,000. Apollon Wealth Management LLC lifted its position in CVR Partners by 18.4% in the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock valued at $326,000 after purchasing an additional 667 shares during the last quarter. Stifel Financial Corp acquired a new position in CVR Partners during the 4th quarter valued at about $227,000. Finally, Raymond James Financial Inc. bought a new position in CVR Partners in the 4th quarter worth about $233,000. 43.83% of the stock is currently 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.