CVR Partners, LP (NYSE:UAN - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 59,622 shares traded hands during mid-day trading, an increase of 70% from the previous session's volume of 35,118 shares.The stock last traded at $80.55 and had previously closed at $75.77.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded CVR Partners from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 30th.
Check Out Our Latest Analysis on UAN
CVR Partners Price Performance
The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The stock's fifty day moving average price is $70.25 and its 200-day moving average price is $73.67. The firm has a market cap of $1.40 billion, a PE ratio of 16.42 and a beta of 1.28.
CVR Partners Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 5.83%. CVR Partners's dividend payout ratio (DPR) is presently 95.77%.
Insider Activity
In other news, major shareholder Carl C. Icahn purchased 23,910 shares of the company's stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $68.76 per share, for a total transaction of $1,644,051.60. Following the completion of the transaction, the insider now directly owns 55,552 shares in the company, valued at $3,819,755.52. This represents a 75.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders purchased 64,792 shares of company stock worth $4,551,843.
Institutional Investors Weigh In On CVR Partners
Institutional investors and hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new position in shares of CVR Partners during the 3rd quarter worth approximately $51,000. Oxbow Advisors LLC raised its holdings in shares of CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock worth $208,000 after acquiring an additional 295 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of CVR Partners in the third quarter valued at $244,000. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners in the third quarter valued at $293,000. Finally, Virtu Financial LLC purchased a new stake in CVR Partners during the 1st quarter worth about $506,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.
About CVR Partners
(
Get Free Report)
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 ammonium nitrate products to agricultural customers, as well as retailers and distributors.
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