Pin Oak Investment Advisors Inc. Grows Position in The Mosaic Company (NYSE:MOS)

Key Points

• Pin Oak Investment Advisors Inc. has significantly increased its stake in The Mosaic Company by 4,113.3%, acquiring an additional 12,340 shares, bringing its total holdings to 12,640 shares worth approximately $344,000.
• Mosaic reported $0.49 earnings per share for the latest quarter, exceeding expectations, but revenue fell by 2.2% year-over-year, totaling $2.62 billion.
• Analysts have set new price targets for Mosaic stocks, with Oppenheimer raising its target to $43.00 and several firms maintaining an overall consensus rating of "Moderate Buy" for the stock.

Pin Oak Investment Advisors Inc. lifted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 4,113.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,640 shares of the basic materials company's stock after buying an additional 12,340 shares during the period. Pin Oak Investment Advisors Inc.'s holdings in Mosaic were worth $344,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MOS. Norges Bank purchased a new stake in shares of Mosaic in the 4th quarter worth approximately $97,363,000. Invesco Ltd. raised its holdings in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after purchasing an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. purchased a new position in shares of Mosaic in the fourth quarter valued at about $36,231,000. Finally, Victory Capital Management Inc. lifted its position in shares of Mosaic by 606.2% in the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after acquiring an additional 1,192,602 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Trading Down 0.5%

Shares of MOS stock traded down $0.19 during trading hours on Thursday, hitting $36.04. The company had a trading volume of 1,443,977 shares, compared to its average volume of 5,520,521. The company's fifty day moving average is $36.11 and its 200 day moving average is $30.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a market capitalization of $11.43 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company's revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MOS shares. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays upped their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mosaic has an average rating of "Moderate Buy" and a consensus target price of $36.75.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.