Tronox Target of Unusually Large Options Trading (NYSE:TROX)

Tronox Holdings PLC (NYSE:TROX) was the target of some unusual options trading activity on Tuesday. Traders purchased 16,388 call options on the stock. This is an increase of approximately 737% compared to the typical volume of 1,957 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TROX shares. The Goldman Sachs Group lifted their price objective on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Mizuho lifted their price target on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Truist Financial increased their price objective on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 target price on shares of Tronox in a research report on Tuesday, January 27th. Finally, UBS Group increased their price target on Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.03.

Tronox Stock Performance

Shares of TROX opened at $7.61 on Wednesday. The stock has a 50 day moving average of $5.70 and a 200 day moving average of $4.52. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.71 and a beta of 1.18. Tronox has a 12 month low of $2.86 and a 12 month high of $8.80. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s payout ratio is -9.76%.

Institutional Trading of Tronox

Several hedge funds have recently added to or reduced their stakes in TROX. Schonfeld Strategic Advisors LLC bought a new position in shares of Tronox during the 4th quarter valued at approximately $116,000. EFG International AG bought a new position in Tronox during the fourth quarter valued at $112,000. Jain Global LLC purchased a new stake in Tronox in the fourth quarter worth $98,000. RPO LLC bought a new stake in shares of Tronox in the fourth quarter valued at $73,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Tronox by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 118,066 shares of the company’s stock valued at $493,000 after buying an additional 4,876 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.