Traders Buy High Volume of CF Industries Holdings Call Options (CF)
CF Industries Holdings, Inc. (NYSE:CF) was the target of some unusual options trading activity on Friday. Stock traders acquired 843 call options on the stock. This is an increase of 278% compared to the typical volume of 223 call options.
Shares of CF Industries Holdings (NYSE CF) opened at 32.04 on Monday. CF Industries Holdings has a 12 month low of $22.00 and a 12 month high of $37.17. The company’s market cap is $7.47 billion. The stock has a 50 day moving average of $29.97 and a 200-day moving average of $28.89.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts forecast that CF Industries Holdings will post ($0.70) earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.75%. CF Industries Holdings’s payout ratio is -75.47%.
In related news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the transaction, the vice president now directly owns 59,732 shares of the company’s stock, valued at $1,883,349.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of CF. BlackRock Inc. grew its stake in shares of CF Industries Holdings by 3,912.4% during the 1st quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after acquiring an additional 19,534,765 shares during the period. Capital World Investors grew its stake in shares of CF Industries Holdings by 21.4% during the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock worth $425,096,000 after acquiring an additional 2,675,809 shares during the period. FMR LLC grew its stake in shares of CF Industries Holdings by 12.1% during the 1st quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock worth $699,295,000 after acquiring an additional 2,577,455 shares during the period. Renaissance Technologies LLC bought a new position in shares of CF Industries Holdings during the 2nd quarter worth $35,108,000. Finally, Ameriprise Financial Inc. grew its stake in shares of CF Industries Holdings by 141.9% during the 1st quarter. Ameriprise Financial Inc. now owns 2,027,780 shares of the basic materials company’s stock worth $59,515,000 after acquiring an additional 1,189,396 shares during the period.
A number of equities analysts have commented on CF shares. Citigroup Inc. raised shares of CF Industries Holdings from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. BMO Capital Markets set a $35.00 price objective on shares of CF Industries Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Credit Suisse Group set a $31.00 price objective on shares of CF Industries Holdings and gave the stock a “buy” rating in a research report on Sunday, May 28th. Barclays PLC reaffirmed an “equal weight” rating and set a $31.00 price objective (down from $32.00) on shares of CF Industries Holdings in a research report on Sunday, May 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 price objective (down from $31.00) on shares of CF Industries Holdings in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.23.
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CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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