CVR Partners (NYSE:UAN) Share Price Crosses Above Two Hundred Day Moving Average of $3.76

CVR Partners LP (NYSE:UAN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.76 and traded as high as $3.69. CVR Partners shares last traded at $3.66, with a volume of 2,150 shares changing hands.

Separately, TheStreet raised CVR Partners from a “d+” rating to a “c” rating in a research report on Thursday, July 25th.

The business has a 50-day simple moving average of $3.76 and a 200 day simple moving average of $3.76. The firm has a market cap of $416.87 million, a P/E ratio of -8.36 and a beta of 1.03. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.75 and a current ratio of 2.74.

CVR Partners (NYSE:UAN) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. CVR Partners had a negative return on equity of 0.33% and a negative net margin of 0.40%. The firm had revenue of $137.66 million during the quarter. On average, research analysts expect that CVR Partners LP will post -0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.56 annualized dividend and a dividend yield of 15.22%. This is a positive change from CVR Partners’s previous quarterly dividend of $0.07. CVR Partners’s dividend payout ratio is currently -127.27%.

Several large investors have recently made changes to their positions in the company. UBS Group AG raised its position in shares of CVR Partners by 7.6% in the 2nd quarter. UBS Group AG now owns 3,682,099 shares of the basic materials company’s stock worth $15,060,000 after acquiring an additional 259,597 shares in the last quarter. Raging Capital Management LLC raised its position in shares of CVR Partners by 1.2% in the 2nd quarter. Raging Capital Management LLC now owns 8,981,271 shares of the basic materials company’s stock worth $36,733,000 after acquiring an additional 109,358 shares in the last quarter. Bank of Montreal Can raised its position in shares of CVR Partners by 157.6% in the 2nd quarter. Bank of Montreal Can now owns 38,643 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 23,643 shares in the last quarter. Price Wealth Management Inc. purchased a new stake in shares of CVR Partners in the 2nd quarter worth approximately $43,000. Finally, Citigroup Inc. grew its stake in shares of CVR Partners by 53.8% in the 1st quarter. Citigroup Inc. now owns 1,857,564 shares of the basic materials company’s stock worth $7,356,000 after buying an additional 649,459 shares during the last quarter. 37.36% of the stock is owned by hedge funds and other institutional investors.

About CVR Partners (NYSE:UAN)

CVR Partners, LP produces, distributes, and markets 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. CVR GP, LLC serves as the general partner of the company.

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