Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases 3,068 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 3,068 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $71.19 per share, with a total value of $218,410.92. Following the purchase, the insider now directly owns 106,029 shares in the company, valued at approximately $7,548,204.51. This trade represents a 2.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

CVR Partners stock traded up $0.12 during trading hours on Thursday, hitting $71.62. The stock had a trading volume of 32,171 shares, compared to its average volume of 34,896. The company has a 50-day moving average of $69.50 and a two-hundred day moving average of $73.93. 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 company has a market cap of $1.23 billion, a PE ratio of 14.41 and a beta of 1.28. CVR Partners, LP has a fifty-two week low of $60.50 and a fifty-two week high of $88.94.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given 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 dividend yield of 6.65%. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth about $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 valued at $208,000 after buying an additional 295 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners during the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth approximately $293,000. Finally, Virtu Financial LLC bought a new stake in shares of CVR Partners during the 1st quarter valued at $506,000. Institutional investors own 43.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

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.