Adams Natural Resources Fund Inc. Sells 475,002 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Adams Natural Resources Fund Inc. significantly reduced its stake in CF Industries Holdings, Inc. by 90.2%, selling 475,002 shares and leaving it with only 51,569 shares valued at approximately $4.74 million.
• CF Industries reported earnings per share of $2.37, exceeding the consensus estimate, alongside a year-over-year revenue increase of 20.2%.
• The company declared a quarterly dividend of $0.50, set to be paid on November 28th, with a dividend yield of 2.4% based on a 26.11% payout ratio.

Adams Natural Resources Fund Inc. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 90.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,569 shares of the basic materials company's stock after selling 475,002 shares during the quarter. Adams Natural Resources Fund Inc.'s holdings in CF Industries were worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CF. Golden State Wealth Management LLC grew its position in shares of CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock worth $30,000 after buying an additional 206 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of CF Industries by 1,497.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,240 shares of the basic materials company's stock worth $8,537,000 after buying an additional 102,401 shares during the last quarter. Talaria Asset Management Pty Ltd grew its position in shares of CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company's stock worth $45,640,000 after buying an additional 254,000 shares during the last quarter. Private Trust Co. NA grew its position in shares of CF Industries by 62.2% in the 1st quarter. Private Trust Co. NA now owns 720 shares of the basic materials company's stock worth $56,000 after buying an additional 276 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of CF Industries in the 1st quarter worth approximately $232,000. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 0.7%

Shares of NYSE:CF opened at $83.30 on Wednesday. The stock has a fifty day simple moving average of $86.67 and a two-hundred day simple moving average of $87.28. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 10.88 and a beta of 0.93. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.02. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company's revenue was up 20.2% on a year-over-year basis. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. CF Industries's payout ratio is currently 26.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CF shares. JPMorgan Chase & Co. upgraded CF Industries from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $75.00 to $92.00 in a research report on Tuesday, July 29th. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company raised their target price on CF Industries from $101.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, October 16th. Morgan Stanley set a $95.00 target price on CF Industries and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the company a "sector perform" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $96.92.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

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