Shares of CVR Partners, LP (NYSE:UAN – Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $124.15 and traded as high as $125.45. CVR Partners shares last traded at $124.9690, with a volume of 19,135 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CVR Partners in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
View Our Latest Research Report on CVR Partners
CVR Partners Price Performance
CVR Partners (NYSE:UAN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $7.33 EPS for the quarter. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%.The firm had revenue of $202.19 million during the quarter.
CVR Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $6.08 dividend. This represents a $24.32 annualized dividend and a dividend yield of 19.5%. The ex-dividend date was Monday, August 10th. This is a positive change from CVR Partners’s previous quarterly dividend of $4.00. CVR Partners’s payout ratio is 160.42%.
Institutional Investors Weigh In On CVR Partners
A number of institutional investors have recently modified their holdings of UAN. Aristides Capital LLC acquired a new stake in CVR Partners in the fourth quarter worth $214,000. Webster Bank N. A. bought a new position in shares of CVR Partners during the 1st quarter valued at about $380,000. Bank of America Corp DE grew its position in CVR Partners by 219.8% in the first quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock worth $913,000 after buying an additional 4,955 shares during the last quarter. Royal Bank of Canada raised its position in shares of CVR Partners by 30.6% during the first quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock worth $1,400,000 after purchasing an additional 2,591 shares during the period. Finally, ING Groep NV increased its position in shares of CVR Partners by 156.9% in the fourth quarter. ING Groep NV now owns 50,100 shares of the basic materials company’s stock worth $5,135,000 after acquiring an additional 30,600 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.
CVR Partners Company Profile
CVR Partners, LP (NYSE: UAN) is a producer of nitrogen fertilizers serving the agricultural sector in the United States. The company manufactures ammonia and urea ammonium nitrate (UAN) fertilizer, which are used by farmers and agricultural distributors to provide crops with essential nitrogen.
CVR Partners operates nitrogen fertilizer production facilities in Coffeyville, Kansas, and East Dubuque, Illinois. Its Coffeyville facility is notable for using petroleum coke, a byproduct of the refining process, as a feedstock for ammonia production.
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