CVR Partners (NYSE:UAN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

CVR Partners, LP (NYSE:UAN) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

CVR Partners Stock Up 1.4 %

The firm’s 50-day moving average price is $78.96 and its 200 day moving average price is $73.72. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.52 and a beta of 1.35. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The company 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%.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 8.99%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 2,518 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $74.97 per share, for a total transaction of $188,774.46. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 23,855 shares of company stock worth $1,777,923 in the last three months.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oxbow Advisors LLC increased its position in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 295 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of 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. McIlrath & Eck LLC bought a new stake in shares of CVR Partners in the 3rd quarter valued at $51,000. GSA Capital Partners LLP boosted its stake in shares of CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of CVR Partners by 13.4% in the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after purchasing an additional 1,520 shares during the last quarter. 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.