Orion Engineered Carbons (NYSE:OEC) Sees Strong Trading Volume

Orion Engineered Carbons S.A. (NYSE:OECGet Rating) saw an uptick in trading volume on Friday . 44,048 shares were traded during mid-day trading, a decline of 87% from the previous session’s volume of 346,596 shares.The stock last traded at $15.60 and had previously closed at $16.56.

Orion Engineered Carbons Price Performance

The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market cap of $954.72 million, a PE ratio of 11.38 and a beta of 1.63. The company’s 50-day simple moving average is $16.69 and its 200 day simple moving average is $16.54.

Orion Engineered Carbons (NYSE:OECGet Rating) last released its quarterly earnings data on Thursday, August 4th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.07). The firm had revenue of $541.20 million for the quarter, compared to analysts’ expectations of $496.76 million. Orion Engineered Carbons had a return on equity of 30.65% and a net margin of 4.65%. Orion Engineered Carbons’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. On average, sell-side analysts predict that Orion Engineered Carbons S.A. will post 2.25 earnings per share for the current fiscal year.

Orion Engineered Carbons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.021 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.54%. Orion Engineered Carbons’s dividend payout ratio (DPR) is currently 5.80%.

Insider Transactions at Orion Engineered Carbons

In related news, CEO Corning F. Painter purchased 30,000 shares of Orion Engineered Carbons stock in a transaction that occurred on Monday, August 22nd. The stock was purchased at an average cost of $16.77 per share, with a total value of $503,100.00. Following the completion of the transaction, the chief executive officer now directly owns 610,265 shares in the company, valued at $10,234,144.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Orion Engineered Carbons

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in Orion Engineered Carbons by 73,981.8% in the second quarter. Federated Hermes Inc. now owns 65,192 shares of the specialty chemicals company’s stock valued at $1,012,000 after acquiring an additional 65,104 shares during the last quarter. Legal & General Group Plc increased its stake in Orion Engineered Carbons by 1.9% in the second quarter. Legal & General Group Plc now owns 47,851 shares of the specialty chemicals company’s stock valued at $743,000 after purchasing an additional 873 shares during the period. ExodusPoint Capital Management LP increased its stake in Orion Engineered Carbons by 51.7% in the second quarter. ExodusPoint Capital Management LP now owns 140,696 shares of the specialty chemicals company’s stock valued at $2,185,000 after purchasing an additional 47,975 shares during the period. Goldman Sachs Group Inc. increased its stake in Orion Engineered Carbons by 36.6% in the second quarter. Goldman Sachs Group Inc. now owns 448,958 shares of the specialty chemicals company’s stock valued at $6,972,000 after purchasing an additional 120,183 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in Orion Engineered Carbons in the second quarter valued at $2,882,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Orion Engineered Carbons

(Get Rating)

Orion Engineered Carbons SA, together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. 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 polymers, coatings, and battery electrodes.

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