Shares of Orion Engineered Carbons SA (NYSE:OEC) saw strong trading volume on Wednesday . 127,935 shares were traded during trading, an increase of 99% from the previous session’s volume of 64,176 shares.The stock last traded at $18.09 and had previously closed at $18.11.

A number of brokerages have recently issued reports on OEC. BB&T Corp. began coverage on shares of Orion Engineered Carbons SA in a research report on Friday, June 10th. They issued a “buy” rating and a $24.00 price target on the stock. Zacks Investment Research downgraded shares of Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. boosted their price target on shares of Orion Engineered Carbons SA from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, August 15th. Finally, TheStreet upgraded shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.60.

The stock’s 50-day moving average price is $17.95 and its 200-day moving average price is $15.80. The company has a market cap of $1.11 billion, a P/E ratio of 22.78 and a beta of 0.56.

Orion Engineered Carbons SA (NYSE:OEC) last announced its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $247.89 million for the quarter, compared to the consensus estimate of $254.85 million. Orion Engineered Carbons SA had a net margin of 4.22% and a return on equity of 135.26%. Orion Engineered Carbons SA’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. Analysts expect that Orion Engineered Carbons SA will post $1.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 22nd will be paid a $0.1893 dividend. This is an increase from Orion Engineered Carbons SA’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Tuesday, September 20th. Orion Engineered Carbons SA’s dividend payout ratio (DPR) is currently 92.59%.

A number of large investors have recently made changes to their positions in the stock. Brigade Capital Management LP boosted its position in shares of Orion Engineered Carbons SA by 10.0% in the first quarter. Brigade Capital Management LP now owns 1,978,200 shares of the company’s stock worth $27,933,000 after buying an additional 179,072 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Orion Engineered Carbons SA by 2.8% in the second quarter. Victory Capital Management Inc. now owns 1,566,776 shares of the company’s stock worth $24,896,000 after buying an additional 42,825 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Orion Engineered Carbons SA by 1.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 704,283 shares of the company’s stock worth $11,191,000 after buying an additional 9,546 shares during the last quarter. Weiss Multi Strategy Advisers LLC boosted its position in shares of Orion Engineered Carbons SA by 55.4% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 340,257 shares of the company’s stock worth $5,407,000 after buying an additional 121,231 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Orion Engineered Carbons SA by 63.0% in the second quarter. Nuveen Asset Management LLC now owns 221,487 shares of the company’s stock worth $3,519,000 after buying an additional 85,631 shares during the last quarter. 29.20% of the stock is currently owned by institutional investors and hedge funds.

About Orion Engineered Carbons SA

Orion Engineered Carbons SA is a producer of carbon black. The Company conducts its operations through two segments: the Specialty Carbon Black segment and the Rubber Carbon Black segment. The Specialty Carbon Black segment is engaged in the production of specialty black carbon. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

5 Day Chart for NYSE:OEC

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