CVR Partners (NYSE:UAN) Sees Large Volume Increase – Time to Buy?

CVR Partners, LP (NYSE:UAN) shares saw unusually-high trading volume on Friday . Approximately 59,622 shares were traded 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 Analysts Forecast Growth

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

CVR Partners Stock Up 6.3 %

The firm’s 50 day moving average price is $70.01 and its two-hundred day moving average price is $73.65. The firm has a market capitalization of $1.38 billion, a PE 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.

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 paid 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 5.91%. CVR Partners’s dividend payout ratio is presently 95.77%.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 9,382 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average price of $68.75 per share, with a total value of $645,012.50. Following the completion of the transaction, the insider now owns 9,382 shares of the company’s stock, valued at $645,012.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 64,792 shares of company stock valued at $4,551,843.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC bought a new position in shares of CVR Partners during the third quarter worth about $51,000. Oxbow Advisors LLC grew its position in shares of CVR Partners by 10.5% in the 3rd 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 in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners in the 3rd quarter valued at approximately $244,000. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners during the 3rd quarter valued at approximately $293,000. Finally, Virtu Financial LLC bought a new position in CVR Partners during the first quarter worth $506,000. 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.