Palo Duro Investment Partners LP Sells 3,053 Shares of CF Industries Holdings, Inc. $CF

Key Points

• Palo Duro Investment Partners LP reduced its stake in CF Industries by 6% in the first quarter, now holding 47,476 shares, valued at approximately $3.71 million.
• CF Industries announced a quarterly dividend of $0.50 per share, translating to an annualized dividend of $2.00 with a yield of 2.4%.
• Recent earnings showed CF Industries beating analysts' expectations with $2.37 earnings per share for the quarter, contributing to a revenue increase of 20.2% year-over-year.

Palo Duro Investment Partners LP lessened its stake in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,476 shares of the basic materials company's stock after selling 3,053 shares during the period. CF Industries accounts for approximately 1.1% of Palo Duro Investment Partners LP's portfolio, making the stock its 9th largest position. Palo Duro Investment Partners LP's holdings in CF Industries were worth $3,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV grew its stake in CF Industries by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company's stock worth $682,000 after buying an additional 116 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of CF Industries by 2.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,192 shares of the basic materials company's stock valued at $562,000 after acquiring an additional 142 shares during the period. Principal Street Partners LLC grew its position in shares of CF Industries by 2.0% during the fourth quarter. Principal Street Partners LLC now owns 7,906 shares of the basic materials company's stock worth $675,000 after acquiring an additional 154 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of CF Industries by 3.5% in the 1st quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company's stock valued at $361,000 after acquiring an additional 158 shares during the period. Finally, Assetmark Inc. raised its position in CF Industries by 12.6% in the 1st quarter. Assetmark Inc. now owns 1,425 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares of the company's stock, valued at $8,812,522.29. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company's stock.

CF Industries Trading Up 2.6%

Shares of NYSE:CF traded up $2.18 during trading on Wednesday, reaching $86.84. The stock had a trading volume of 2,312,234 shares, compared to its average volume of 2,313,103. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.07 billion, a P/E ratio of 11.34 and a beta of 0.95. The business has a fifty day moving average price of $89.56 and a 200-day moving average price of $85.22. CF Industries Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

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

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 15th. CF Industries's dividend payout ratio is presently 26.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $95.00 price target on CF Industries and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Barclays raised CF Industries from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Zacks Research lowered CF Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Wells Fargo & Company decreased their price target on CF Industries from $108.00 to $101.00 and set an "overweight" rating for the company in a report on Monday, August 11th. Finally, Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the company a "sector perform" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of "Hold" and a consensus target price of $95.00.

CF Industries Profile

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.