Carl C. Icahn Purchases 921 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 921 shares of CVR Partners stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $74.92 per share, with a total value of $69,001.32. Following the completion of the acquisition, the insider now directly owns 169,654 shares of the company’s stock, valued at $12,710,477.68. This represents a 0.55 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 1.1 %

Shares of UAN traded down $0.81 during midday trading on Thursday, hitting $75.14. The stock had a trading volume of 30,895 shares, compared to its average volume of 35,533. CVR Partners, LP has a fifty-two week low of $61.62 and a fifty-two week high of $88.94. The business has a 50-day simple moving average of $73.03 and a two-hundred day simple moving average of $72.88. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The firm has a market cap of $1.29 billion, a P/E ratio of 15.12 and a beta of 1.35.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s payout ratio is 95.77%.

Institutional Trading of CVR Partners

Several large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC purchased a new position in shares of CVR Partners during the third quarter valued at $51,000. Oxbow Advisors LLC grew its stake in CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in shares of CVR Partners in the 3rd quarter valued at about $244,000. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners in the third quarter worth approximately $293,000. Finally, GSA Capital Partners LLP lifted its position in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after purchasing an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.