Insider Buying: CVR Partners LP (UAN) CEO Purchases $84,000.00 in Stock
CVR Partners LP (NYSE:UAN) CEO Mark A. Pytosh purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $4.20 per share, with a total value of $84,000.00. Following the completion of the purchase, the chief executive officer now directly owns 75,932 shares in the company, valued at approximately $318,914.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CVR Partners LP (NYSE:UAN) opened at 4.68 on Friday. The firm’s 50-day moving average price is $4.94 and its 200-day moving average price is $6.92. The company has a market capitalization of $530.16 million, a price-to-earnings ratio of 68.82 and a beta of 1.22. CVR Partners LP has a 12 month low of $4.05 and a 12 month high of $9.75.
CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Thursday, October 27th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business earned $78.50 million during the quarter, compared to the consensus estimate of $84.02 million. During the same period in the prior year, the business posted ($0.18) EPS. The company’s quarterly revenue was up 59.2% compared to the same quarter last year. Equities research analysts expect that CVR Partners LP will post ($0.14) EPS for the current year.
Separately, Zacks Investment Research raised CVR Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.52.
Several large investors have recently bought and sold shares of the stock. Blackstone Group L.P. bought a new stake in CVR Partners during the second quarter worth about $138,890,000. Credit Capital Investments LLC raised its stake in CVR Partners by 1,433.5% in the second quarter. Credit Capital Investments LLC now owns 4,117,688 shares of the company’s stock worth $4,118,000 after buying an additional 3,849,178 shares during the period. Allianz Asset Management AG bought a new stake in CVR Partners during the second quarter worth about $5,276,000. CNA Financial Corp raised its stake in CVR Partners by 108.0% in the second quarter. CNA Financial Corp now owns 504,164 shares of the company’s stock worth $4,119,000 after buying an additional 261,816 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new stake in CVR Partners during the second quarter worth about $3,489,000.
About CVR Partners
CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. The Company operates through the United States segment. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer.
Receive News & Stock Ratings for CVR Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners LP and related stocks with our FREE daily email newsletter.