CVR Partners (NYSE:UAN) Sees Large Volume Increase – What’s Next?

Shares of CVR Partners, LP (NYSE:UAN) saw strong trading volume on Friday . 59,622 shares were traded during 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 raised CVR Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

CVR Partners Stock Performance

The company has a market cap of $1.38 billion, a P/E ratio of 16.21 and a beta of 1.28. 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 50 day moving average price of $70.01 and a 200-day moving average price of $73.65.

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 paid a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 5.91%. CVR Partners’s payout ratio is 95.77%.

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn purchased 9,382 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of $68.75 per share, for a total transaction of $645,012.50. Following the completion of the transaction, the insider now owns 9,382 shares in the company, valued at $645,012.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 64,792 shares of company stock valued at $4,551,843 over the last quarter.

Hedge Funds Weigh In On CVR Partners

Several hedge funds have recently made changes to their positions in UAN. McIlrath & Eck LLC bought a new stake in CVR Partners during the third quarter worth approximately $51,000. Oxbow Advisors LLC increased 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 in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners during the 3rd quarter valued at $244,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth $293,000. Finally, Virtu Financial LLC bought a new stake in shares of CVR Partners during the 1st quarter worth $506,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.