CVR Partners (NYSE:UAN) Trading Up 5.6% – Here’s Why

Shares of CVR Partners, LP (NYSE:UAN) shot up 5.6% during mid-day trading on Monday . The company traded as high as $80.25 and last traded at $79.30. 74,613 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 40,296 shares. The stock had previously closed at $75.07.

Analyst Ratings Changes

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

CVR Partners Stock Performance

The stock’s fifty day moving average is $74.38 and its 200-day moving average is $72.79. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.95 and a beta of 1.36.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $1.19 per share. 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 presently 95.77%.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 23,910 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the transaction, the insider now owns 55,552 shares of the company’s stock, valued at $3,819,755.52. The trade was a 75.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 88,647 shares of company stock worth $6,329,766 over the last ninety days.

Institutional Trading of CVR Partners

A number of institutional investors have recently modified their holdings of the company. De Lisle Partners LLP raised its position in CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 7,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners in the third quarter valued at approximately $293,000. Founders Financial Alliance LLC lifted its position in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares in the last quarter. McIlrath & Eck LLC acquired a new position in CVR Partners during the third quarter worth $51,000. Finally, Oxbow Advisors LLC increased its stake 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 buying an additional 295 shares during the last quarter. 43.83% of the stock is currently owned by institutional investors.

About CVR Partners

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.