CVR Partners, LP (NYSE:UAN – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $123.00 and traded as high as $136.47. CVR Partners shares last traded at $132.50, with a volume of 43,194 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CVR Partners in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.
Get Our Latest Stock Report on CVR Partners
CVR Partners Stock Performance
CVR Partners (NYSE:UAN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share for the quarter. The company had revenue of $202.19 million for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.
CVR Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $6.08 per share. This represents a $24.32 annualized dividend and a dividend yield of 18.2%. This is a boost from CVR Partners’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, August 10th. CVR Partners’s dividend payout ratio (DPR) is currently 160.42%.
Institutional Investors Weigh In On CVR Partners
Several hedge funds have recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of CVR Partners during the fourth quarter valued at about $100,000. Aristides Capital LLC bought a new stake in shares of CVR Partners during the fourth quarter worth about $214,000. Webster Bank N. A. acquired a new position in shares of CVR Partners in the first quarter valued at approximately $380,000. Bank of America Corp DE raised its holdings in CVR Partners by 219.8% in the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock valued at $913,000 after buying an additional 4,955 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in CVR Partners by 30.6% during the 1st quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock worth $1,400,000 after buying an additional 2,591 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.
About CVR Partners
CVR Partners, LP is a publicly traded limited partnership that produces and sells nitrogen fertilizer products for agricultural and industrial customers. Its principal products include ammonia and urea ammonium nitrate (UAN) solution, which are used by farmers to supply nitrogen to crops.
The company operates nitrogen fertilizer manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois. These locations allow CVR Partners to serve agricultural markets primarily in the central United States, including areas within the U.S.
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