BP Capital Fund Advisors LLC reduced its position in shares of Huntsman Corporation (NYSE:HUN) by 22.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,373 shares of the basic materials company’s stock after selling 49,241 shares during the period. Huntsman Corporation makes up approximately 2.1% of BP Capital Fund Advisors LLC’s portfolio, making the stock its 19th largest position. BP Capital Fund Advisors LLC owned about 0.07% of Huntsman Corporation worth $4,480,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in Huntsman Corporation during the second quarter worth about $109,000. SG Americas Securities LLC purchased a new position in Huntsman Corporation during the first quarter worth about $122,000. Opera Trading Capital purchased a new position in Huntsman Corporation during the second quarter worth about $129,000. Bronfman E.L. Rothschild L.P. raised its holdings in Huntsman Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 24 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Huntsman Corporation by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 705 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. Instinet reissued a “buy” rating and set a $34.00 price target (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday. Zacks Investment Research cut shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub raised shares of Huntsman Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. UBS AG increased their price target on shares of Huntsman Corporation from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, KeyCorp raised shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.33.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $0.53 EPS. Huntsman Corporation’s revenue was up 2.8% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. Huntsman Corporation’s dividend payout ratio (DPR) is 28.41%.
In other Huntsman Corporation news, VP Randy W. Wright sold 56,675 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now directly owns 66,023 shares in the company, valued at approximately $1,700,752.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Randy W. Wright sold 32,962 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $25.75, for a total transaction of $848,771.50. Following the sale, the vice president now owns 69,148 shares in the company, valued at $1,780,561. The disclosure for this sale can be found here. 19.00% of the stock is currently owned by insiders.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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