CVR Partners (NYSE:UAN) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of CVR Partners (NYSE:UAN) from a buy rating to a strong-buy rating in a research report report published on Tuesday.

CVR Partners Stock Performance

Shares of NYSE UAN opened at $77.33 on Tuesday. The stock has a market cap of $1.32 billion, a PE ratio of 15.56 and a beta of 1.35. CVR Partners has a 1 year low of $60.50 and a 1 year high of $88.94. The firm has a fifty day moving average price of $71.77 and a 200-day moving average price of $73.29. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44.

CVR Partners Cuts Dividend

The firm also recently declared 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 was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 6.16%. CVR Partners’s dividend payout ratio is presently 95.77%.

Insider Activity

In related news, major shareholder Carl C. Icahn bought 23,910 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the acquisition, the insider now owns 55,552 shares of the company’s stock, valued at $3,819,755.52. This represents a 75.56 % 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 acquired 64,792 shares of company stock worth $4,551,843 over the last ninety days.

Institutional Trading of CVR Partners

A number of institutional investors and hedge funds have recently bought and sold shares of UAN. McIlrath & Eck LLC purchased a new position in shares of CVR Partners during the third quarter valued at about $51,000. Oxbow Advisors LLC bought a new position in CVR Partners during the second quarter valued at approximately $212,000. Apollon Wealth Management LLC purchased a new position in CVR Partners during the 3rd quarter valued at approximately $244,000. Exchange Traded Concepts LLC bought a new stake in CVR Partners in the 3rd quarter worth approximately $293,000. Finally, GSA Capital Partners LLP raised its holdings in shares of CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares in 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.