CVR Partners (NYSE:UAN) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

CVR Partners, LP (NYSE:UAN)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $123.90 and traded as high as $126.00. CVR Partners shares last traded at $125.6280, with a volume of 6,349 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of CVR Partners in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

CVR Partners Trading Up 1.2%

The company has a quick ratio of 2.11, a current ratio of 3.01 and a debt-to-equity ratio of 1.64. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 8.42 and a beta of 0.26. The firm has a 50 day moving average price of $127.07 and a two-hundred day moving average price of $123.81.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share (EPS) for the quarter. The firm had revenue of $202.19 million during the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a dividend of $6.08 per share. This represents a $24.32 dividend on an annualized basis and a dividend yield of 19.0%. The ex-dividend date was Monday, August 10th. This is a positive change from CVR Partners’s previous quarterly dividend of $4.00. CVR Partners’s dividend payout ratio (DPR) is currently 160.42%.

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently bought and sold shares of the stock. Aristides Capital LLC bought a new position in shares of CVR Partners in the fourth quarter valued at $214,000. Webster Bank N. A. purchased a new position in shares of CVR Partners during the first quarter valued at approximately $380,000. Bank of America Corp DE lifted its stake in CVR Partners by 219.8% during the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock valued at $913,000 after acquiring an additional 4,955 shares in the last quarter. Royal Bank of Canada boosted its holdings in CVR Partners by 30.6% during the 1st quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock worth $1,400,000 after acquiring an additional 2,591 shares during the last quarter. Finally, De Lisle Partners LLP bought a new stake in shares of CVR Partners in the 2nd quarter worth $6,058,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

CVR Partners Company Profile

CVR Partners, LP (NYSE: UAN) is a producer of nitrogen fertilizers serving the agricultural sector in the United States. The company manufactures ammonia and urea ammonium nitrate (UAN) fertilizer, which are used by farmers and agricultural distributors to provide crops with essential nitrogen.

CVR Partners operates nitrogen fertilizer production facilities in Coffeyville, Kansas, and East Dubuque, Illinois. Its Coffeyville facility is notable for using petroleum coke, a byproduct of the refining process, as a feedstock for ammonia production.