Orion Engineered Carbons SA (OEC) Lowered to Purchase at ValuEngine

Orion Engineered Carbons SA (OEC) Lowered to Purchase at ValuEngine

ValuEngine lowered shares of Orion Engineered Carbons SA (NYSE:OEC) from a strong-buy rating to a buy rating in a report published on Friday morning.

A number of other analysts also recently weighed in on OEC. Zacks Investment Research downgraded shares of Orion Engineered Carbons SA from a hold rating to a sell rating in a report on Thursday, March 2nd. Goldman Sachs Group Inc initiated coverage on shares of Orion Engineered Carbons SA in a report on Thursday, May 11th. They set a neutral rating and a $21.00 price target for the company. Finally, Berenberg Bank initiated coverage on shares of Orion Engineered Carbons SA in a report on Tuesday, May 16th. They set a buy rating and a $26.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Orion Engineered Carbons SA currently has an average rating of Buy and an average price target of $22.20.

Shares of Orion Engineered Carbons SA (OEC) traded up 0.57% on Friday, reaching $17.65. 67,738 shares of the company’s stock were exchanged. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 20.36 and a beta of 0.55. Orion Engineered Carbons SA has a 12 month low of $14.44 and a 12 month high of $22.20. The firm’s 50-day moving average price is $18.72 and its 200 day moving average price is $19.81.

The company also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 5th will be issued a dividend of $0.189 per share. The ex-dividend date is Thursday, June 1st. This is an increase from Orion Engineered Carbons SA’s previous dividend of $0.18. Orion Engineered Carbons SA’s dividend payout ratio is 134.62%.

Several hedge funds have recently modified their holdings of OEC. O Shaughnessy Asset Management LLC increased its stake in shares of Orion Engineered Carbons SA by 98.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 37,748 shares of the specialty chemicals company’s stock worth $712,000 after buying an additional 18,708 shares during the period. Renaissance Technologies LLC increased its stake in shares of Orion Engineered Carbons SA by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,045,500 shares of the specialty chemicals company’s stock worth $19,708,000 after buying an additional 197,200 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Orion Engineered Carbons SA during the fourth quarter worth $778,000. Two Sigma Investments LP increased its stake in shares of Orion Engineered Carbons SA by 10.9% in the fourth quarter. Two Sigma Investments LP now owns 92,424 shares of the specialty chemicals company’s stock worth $1,742,000 after buying an additional 9,118 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Orion Engineered Carbons SA by 256.9% in the fourth quarter. Numeric Investors LLC now owns 77,840 shares of the specialty chemicals company’s stock worth $1,467,000 after buying an additional 56,029 shares during the period. 29.92% of the stock is owned by institutional investors.

About Orion Engineered Carbons SA

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OEC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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