Orion S.A. (NYSE:OEC - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $15.67, but opened at $16.83. Orion shares last traded at $16.98, with a volume of 100,112 shares.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on OEC shares. JPMorgan Chase & Co. raised Orion from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $20.00 to $21.00 in a research note on Monday. StockNews.com lowered Orion from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th.
Read Our Latest Analysis on OEC
Orion Stock Performance
The business's fifty day moving average price is $16.62 and its two-hundred day moving average price is $20.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. The stock has a market capitalization of $1.04 billion, a P/E ratio of 32.51 and a beta of 1.48.
Orion (NYSE:OEC - Get Free Report) last announced its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million for the quarter, compared to analysts' expectations of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.82%. As a group, sell-side analysts forecast that Orion S.A. will post 1.7 earnings per share for the current year.
Orion Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 13th will be issued a $0.021 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Orion's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.47%. Orion's payout ratio is currently 15.09%.
Insider Activity
In related news, CEO Corning F. Painter purchased 10,000 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the purchase, the chief executive officer now owns 958,776 shares of the company's stock, valued at $16,960,747.44. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in OEC. Allspring Global Investments Holdings LLC raised its stake in Orion by 154.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,335 shares of the specialty chemicals company's stock worth $478,000 after purchasing an additional 12,343 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Orion by 51.8% during the 1st quarter. BNP Paribas Financial Markets now owns 67,503 shares of the specialty chemicals company's stock worth $1,588,000 after acquiring an additional 23,026 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Orion by 11.0% during the first quarter. Janney Montgomery Scott LLC now owns 26,441 shares of the specialty chemicals company's stock worth $622,000 after purchasing an additional 2,630 shares in the last quarter. LSV Asset Management raised its stake in Orion by 3.0% during the 1st quarter. LSV Asset Management now owns 96,600 shares of the specialty chemicals company's stock worth $2,272,000 after acquiring an additional 2,800 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Orion in the 1st quarter valued at $258,000. Hedge funds and other institutional investors own 94.33% of the company's stock.
Orion Company Profile
(
Get Free Report)
Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.
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