Oppenheimer & Co. Inc. Buys 1,704 Shares of Huntsman Corporation (NYSE:HUN)

Oppenheimer & Co. Inc. boosted its stake in shares of Huntsman Corporation (NYSE:HUN) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,184 shares of the basic materials company’s stock after buying an additional 1,704 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Huntsman were worth $1,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. Quadrant Capital Group LLC raised its holdings in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the 4th quarter valued at about $60,000. Quarry LP bought a new stake in shares of Huntsman in the 4th quarter valued at about $65,000. Versant Capital Management Inc raised its holdings in shares of Huntsman by 2,388.4% in the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 3,917 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Huntsman by 174.5% in the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after buying an additional 2,788 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Bank of America downgraded shares of Huntsman from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $15.00 in a research report on Tuesday, April 15th. Wall Street Zen downgraded shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Royal Bank Of Canada cut their price objective on shares of Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Huntsman has an average rating of “Hold” and a consensus target price of $15.00.

Huntsman Stock Performance

Shares of NYSE HUN opened at $10.56 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. Huntsman Corporation has a 12 month low of $10.13 and a 12 month high of $25.12. The company has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $14.94. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -11.60 and a beta of 0.72.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman’s dividend payout ratio is presently -109.89%.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.