CVR Partners (NYSE:UAN) Stock Price Crosses Above 200-Day Moving Average of $118.58

CVR Partners, LP (NYSE:UANGet Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $118.58 and traded as high as $122.60. CVR Partners shares last traded at $121.05, with a volume of 62,917 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAN. TheStreet lowered shares of CVR Partners from a “b” rating to a “c+” rating in a report on Monday, October 31st. StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 9th.

CVR Partners Price Performance

The company has a debt-to-equity ratio of 1.63, a current ratio of 1.31 and a quick ratio of 0.96. The company has a market capitalization of $1.28 billion, a PE ratio of 5.09 and a beta of 1.41. The stock’s 50 day simple moving average is $121.09 and its 200-day simple moving average is $118.58.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 14th were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $7.08 dividend on an annualized basis and a yield of 5.85%. CVR Partners’s dividend payout ratio (DPR) is presently 29.76%.

Institutional Trading of CVR Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SNC purchased a new stake in CVR Partners during the third quarter worth about $411,000. ING Groep NV acquired a new position in shares of CVR Partners during the third quarter worth about $4,085,000. UBS Group AG grew its position in shares of CVR Partners by 12.9% during the third quarter. UBS Group AG now owns 24,640 shares of the basic materials company’s stock worth $2,820,000 after buying an additional 2,810 shares in the last quarter. Independent Advisor Alliance grew its position in shares of CVR Partners by 10.7% during the third quarter. Independent Advisor Alliance now owns 15,887 shares of the basic materials company’s stock worth $1,818,000 after buying an additional 1,535 shares in the last quarter. Finally, Barclays PLC grew its position in shares of CVR Partners by 35.3% during the third quarter. Barclays PLC now owns 483 shares of the basic materials company’s stock worth $55,000 after buying an additional 126 shares in the last quarter. 16.54% of the stock is currently owned by hedge funds and other 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.

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