Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Orion Engineered Carbons SA (NYSE:OEC) by 21.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,270 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Orion Engineered Carbons were worth $215,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Orion Engineered Carbons by 136,236.1% in the second quarter. BlackRock Inc. now owns 2,789,437 shares of the specialty chemicals company’s stock valued at $59,722,000 after acquiring an additional 2,787,391 shares during the last quarter. Ancora Advisors LLC acquired a new position in Orion Engineered Carbons in the second quarter valued at approximately $9,804,000. Russell Investments Group Ltd. acquired a new position in Orion Engineered Carbons in the second quarter valued at approximately $8,865,000. Investment Counselors of Maryland LLC lifted its holdings in Orion Engineered Carbons by 43.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,150,476 shares of the specialty chemicals company’s stock valued at $24,632,000 after acquiring an additional 347,956 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Orion Engineered Carbons in the second quarter valued at approximately $7,414,000. Institutional investors and hedge funds own 96.66% of the company’s stock.
A number of research analysts recently commented on OEC shares. ValuEngine upgraded Orion Engineered Carbons from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group decreased their price objective on Orion Engineered Carbons from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday. TheStreet lowered Orion Engineered Carbons from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Loop Capital lowered Orion Engineered Carbons from a “buy” rating to a “hold” rating and cut their target price for the company from $29.00 to $17.00 in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Orion Engineered Carbons currently has a consensus rating of “Hold” and a consensus price target of $22.60.
Shares of NYSE OEC opened at $16.43 on Friday. The firm has a market cap of $960.03 million, a price-to-earnings ratio of 7.43, a PEG ratio of 0.89 and a beta of 1.29. The company has a quick ratio of 1.23, a current ratio of 1.77 and a debt-to-equity ratio of 3.81. Orion Engineered Carbons SA has a 52-week low of $12.10 and a 52-week high of $28.57. The business’s 50 day moving average is $15.41 and its two-hundred day moving average is $17.96.
Orion Engineered Carbons (NYSE:OEC) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $399.02 million during the quarter, compared to analysts’ expectations of $391.68 million. Orion Engineered Carbons had a net margin of 5.64% and a return on equity of 71.44%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. Analysts anticipate that Orion Engineered Carbons SA will post 1.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, December 17th. Orion Engineered Carbons’s payout ratio is 36.20%.
Orion Engineered Carbons Profile
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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