Stock Traders Purchase High Volume of Call Options on Sociedad Quimica y Minera de Chile (NYSE:SQM)

Sociedad Quimica y Minera de Chile (NYSE:SQM) was the recipient of some unusual options trading on Monday. Stock investors bought 3,558 call options on the company. This is an increase of 1,611% compared to the average volume of 208 call options.

SQM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and cut their target price for the company from $51.00 to $43.00 in a research report on Friday, March 1st. Citigroup downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and cut their target price for the company from $53.00 to $41.00 in a research report on Tuesday, March 5th. Bank of America downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 13th. Finally, TheStreet downgraded Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of SQM stock opened at $30.37 on Wednesday. The company has a current ratio of 3.92, a quick ratio of 2.42 and a debt-to-equity ratio of 0.63. Sociedad Quimica y Minera de Chile has a twelve month low of $28.30 and a twelve month high of $49.60. The company has a market cap of $8.11 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.35 and a beta of 1.12. The stock’s fifty day simple moving average is $32.02.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. The business had revenue of $504.20 million for the quarter, compared to the consensus estimate of $487.04 million. On average, analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.43 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.1989 per share. The ex-dividend date was Thursday, June 6th. This represents a dividend yield of 3.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 59.28%.

Several hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC lifted its position in shares of Sociedad Quimica y Minera de Chile by 1.9% during the 4th quarter. Jennison Associates LLC now owns 24,239 shares of the basic materials company’s stock worth $928,000 after buying an additional 461 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Sociedad Quimica y Minera de Chile by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock worth $394,000 after purchasing an additional 681 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sociedad Quimica y Minera de Chile by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 970 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Sociedad Quimica y Minera de Chile in the 4th quarter worth about $38,000. Finally, Osborn Williams & Donohoe LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 1st quarter worth about $45,000. Institutional investors and hedge funds own 10.52% of the company’s stock.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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