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

CVR Partners, LP (NYSE:UANGet Rating) shares 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.

Analyst Ratings Changes

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 11th.

CVR Partners Stock Up 2.3 %

The company has a quick ratio of 2.07, a current ratio of 2.96 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.32 billion, a PE ratio of 4.32 and a beta of 1.48. The business has a 50 day moving average price of $117.33 and a 200 day moving average price of $124.52.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Friday, August 12th were given a dividend of $10.05 per share. The ex-dividend date was Thursday, August 11th. This represents a $40.20 dividend on an annualized basis and a yield of 32.12%. This is an increase from CVR Partners’s previous quarterly dividend of $2.26. CVR Partners’s dividend payout ratio is currently 138.91%.

Hedge Funds Weigh In On CVR Partners

Hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new position in CVR Partners during the first quarter worth approximately $32,000. Selective Wealth Management Inc. purchased a new position in CVR Partners during the first quarter worth approximately $48,000. Citigroup Inc. purchased a new position in CVR Partners during the first quarter worth approximately $55,000. Advisor Group Holdings Inc. boosted its position in CVR Partners by 707.7% during the first quarter. Advisor Group Holdings Inc. now owns 420 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 368 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in CVR Partners by 21.2% during the first quarter. Hood River Capital Management LLC now owns 509 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 16.54% of the company’s stock.

About CVR Partners

(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.

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