CVR Partners (NYSE:UAN) Share Price Crosses Above 200 Day Moving Average of $124.52

CVR Partners, LP (NYSE:UANGet Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $124.52 and traded as high as $125.94. CVR Partners shares last traded at $125.14, with a volume of 82,300 shares trading hands.

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 Sunday, September 11th.

CVR Partners Stock Down 3.6 %

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 4.11 and a beta of 1.48. The business’s 50-day moving average is $118.38 and its two-hundred day moving average is $124.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.07 and a current ratio of 2.96.

CVR Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were given a $10.05 dividend. This represents a $40.20 dividend on an annualized basis and a dividend yield of 33.79%. This is an increase from CVR Partners’s previous quarterly dividend of $2.26. The ex-dividend date of this dividend was Thursday, August 11th. CVR Partners’s dividend payout ratio (DPR) is currently 138.91%.

Institutional Trading of CVR Partners

A number of large investors have recently bought and sold shares of UAN. PEAK6 Investments LLC increased its stake in CVR Partners by 41.0% during the 4th quarter. PEAK6 Investments LLC now owns 5,419 shares of the basic materials company’s stock worth $448,000 after purchasing an additional 1,576 shares in the last quarter. Bluefin Capital Management LLC bought a new stake in CVR Partners during the 4th quarter worth approximately $215,000. Adams Asset Advisors LLC bought a new stake in CVR Partners during the 1st quarter worth approximately $3,035,000. Selective Wealth Management Inc. bought a new stake in CVR Partners during the 1st quarter worth approximately $48,000. Finally, K.J. Harrison & Partners Inc bought a new stake in CVR Partners during the 1st quarter worth approximately $759,000. 16.54% of the stock is owned by institutional investors.

CVR Partners Company Profile

(Get Rating)

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 and ammonium nitrate products to agricultural customers, as well as retailers and distributors.

Further Reading

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