CVR Partners (NYSE:UAN) Shares Up 5.6% - Here's What Happened

CVR Partners, LP (NYSE:UAN - Get Free Report)'s stock price rose 5.6% during trading on Monday . The company traded as high as $80.25 and last traded at $79.30. Approximately 74,613 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 40,296 shares. The stock had previously closed at $75.07.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 18th.

CVR Partners Stock Up 5.6 %

The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The business has a 50 day moving average price of $74.38 and a 200 day moving average price of $72.79. The firm has a market capitalization of $1.36 billion, a P/E ratio of 15.95 and a beta of 1.36.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.00%. CVR Partners's dividend payout ratio is 95.77%.

Insider Activity

In other news, major shareholder Carl C. Icahn bought 23,910 shares of CVR Partners stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $68.76 per share, with a total value 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 trade represents a 75.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 88,647 shares of company stock valued at $6,329,766.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the 3rd quarter worth approximately $51,000. Oxbow Advisors LLC increased its position in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock valued at $208,000 after acquiring an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of CVR Partners during the third quarter worth approximately $244,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners during the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP increased its holdings in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

CVR Partners Company Profile

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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