Mraz Amerine & Associates Inc. increased its stake in shares of Orion Engineered Carbons SA (NYSE:OEC) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,080 shares of the specialty chemicals company’s stock after buying an additional 1,000 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Orion Engineered Carbons were worth $344,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in OEC. Northern Trust Corp raised its position in shares of Orion Engineered Carbons by 24.5% in the fourth quarter. Northern Trust Corp now owns 58,291 shares of the specialty chemicals company’s stock valued at $1,473,000 after buying an additional 11,471 shares during the last quarter. Legal & General Group Plc raised its position in shares of Orion Engineered Carbons by 3.1% in the fourth quarter. Legal & General Group Plc now owns 67,457 shares of the specialty chemicals company’s stock valued at $1,705,000 after buying an additional 2,000 shares during the last quarter. Norges Bank acquired a new position in shares of Orion Engineered Carbons in the fourth quarter valued at approximately $4,731,000. Trellus Management Company LLC acquired a new position in shares of Orion Engineered Carbons in the first quarter valued at approximately $308,000. Finally, Oppenheimer & Co. Inc. raised its position in shares of Orion Engineered Carbons by 11.9% in the first quarter. Oppenheimer & Co. Inc. now owns 32,350 shares of the specialty chemicals company’s stock valued at $614,000 after buying an additional 3,450 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.
OEC traded up $0.24 during trading on Friday, hitting $12.79. 319,800 shares of the company’s stock were exchanged, compared to its average volume of 698,928. The company has a current ratio of 1.77, a quick ratio of 1.23 and a debt-to-equity ratio of 3.81. Orion Engineered Carbons SA has a 1 year low of $12.10 and a 1 year high of $36.25. The stock has a 50 day moving average price of $17.81 and a 200 day moving average price of $20.64. The firm has a market cap of $761.26 million, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13.
Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). Orion Engineered Carbons had a return on equity of 71.44% and a net margin of 5.64%. The business had revenue of $399.02 million for the quarter, compared to analysts’ expectations of $391.68 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Orion Engineered Carbons’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Orion Engineered Carbons SA will post 1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 6.25%. Orion Engineered Carbons’s dividend payout ratio is currently 36.20%.
OEC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Loop Capital lowered shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating and dropped their price target for the stock from $29.00 to $17.00 in a research report on Monday, August 5th. Barclays set a $24.00 price target on shares of Orion Engineered Carbons and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, TheStreet lowered shares of Orion Engineered Carbons from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.20.
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.
Read More: What is a Buy-Side Analyst?
Want to see what other hedge funds are holding OEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orion Engineered Carbons SA (NYSE:OEC).
Receive News & Ratings for Orion Engineered Carbons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons and related companies with MarketBeat.com's FREE daily email newsletter.