Sit Investment Associates Inc. boosted its stake in Orion Engineered Carbons S.A (NYSE:OEC) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,382 shares of the specialty chemicals company’s stock after buying an additional 1,975 shares during the period. Sit Investment Associates Inc. owned 0.09% of Orion Engineered Carbons S.A worth $1,105,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at $14,363,000. Victory Capital Management Inc. raised its stake in Orion Engineered Carbons S.A by 29.3% in the first quarter. Victory Capital Management Inc. now owns 2,186,017 shares of the specialty chemicals company’s stock valued at $44,813,000 after buying an additional 494,753 shares during the period. Laurion Capital Management LP purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at $8,200,000. MARSHALL WACE ASIA Ltd purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at $8,153,000. Finally, Marshall Wace North America L.P. purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at $8,153,000. Institutional investors own 38.41% of the company’s stock.
Shares of Orion Engineered Carbons S.A (NYSE OEC) opened at 23.35 on Friday. The company’s 50 day moving average is $19.80 and its 200-day moving average is $19.92. Orion Engineered Carbons S.A has a one year low of $16.00 and a one year high of $24.55. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 26.06 and a beta of 0.49.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.169 per share. This represents a $0.68 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, September 19th. Orion Engineered Carbons S.A’s dividend payout ratio is presently 87.21%.
TRADEMARK VIOLATION WARNING: “Sit Investment Associates Inc. Has $1.11 Million Stake in Orion Engineered Carbons S.A (OEC)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://stocknewstimes.com/2017/07/23/sit-investment-associates-inc-has-1-11-million-stake-in-orion-engineered-carbons-s-a-oec.html.
Several equities research analysts have weighed in on OEC shares. Zacks Investment Research upgraded shares of Orion Engineered Carbons S.A from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Berenberg Bank started coverage on shares of Orion Engineered Carbons S.A in a report on Tuesday, May 16th. They issued a “buy” rating and a $26.00 target price on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Orion Engineered Carbons S.A in a report on Thursday, May 11th. They issued a “neutral” rating and a $21.00 target price on the stock. BidaskClub upgraded shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine lowered shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.00.
About Orion Engineered Carbons S.A
Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
Receive News & Ratings for Orion Engineered Carbons S.A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons S.A and related companies with MarketBeat.com's FREE daily email newsletter.
