Orion S.A. $OEC Shares Purchased by Cwm LLC

Cwm LLC lifted its holdings in Orion S.A. (NYSE:OEC) by 189.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,294 shares of the specialty chemicals company’s stock after acquiring an additional 12,632 shares during the period. Cwm LLC’s holdings in Orion were worth $202,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Orion in the first quarter worth $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orion in the first quarter worth $137,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Orion by 30.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,108 shares of the specialty chemicals company’s stock worth $169,000 after acquiring an additional 3,046 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Orion in the first quarter worth $177,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Orion in the first quarter worth $186,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Price Performance

Shares of OEC stock opened at $5.50 on Wednesday. The company has a market capitalization of $308.66 million, a PE ratio of 20.36 and a beta of 1.02. The firm has a fifty day simple moving average of $8.25 and a 200-day simple moving average of $10.04. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 1.46. Orion S.A. has a twelve month low of $5.23 and a twelve month high of $19.48.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, August 6th. The specialty chemicals company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $466.40 million during the quarter, compared to analysts’ expectations of $475.77 million. Orion had a net margin of 0.82% and a return on equity of 16.67%. Orion’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Equities research analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current fiscal year.

Orion Dividend Announcement

The business also recently disclosed a interim dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.0207 per share. This represents a yield of 80.0%. The ex-dividend date is Friday, December 12th. Orion’s dividend payout ratio is 29.63%.

Wall Street Analyst Weigh In

OEC has been the subject of several recent research reports. UBS Group lowered shares of Orion from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.00 to $7.00 in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Orion in a research report on Wednesday, October 8th. Mizuho set a $6.00 price objective on shares of Orion in a research report on Monday, October 20th. Zacks Research upgraded shares of Orion from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $9.00 target price (down from $10.00) on shares of Orion in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average price target of $7.33.

About Orion

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.