BidaskClub lowered shares of Orion Engineered Carbons S.A (NYSE:OEC) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

OEC has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) began coverage on shares of Orion Engineered Carbons S.A in a research report on Thursday, May 11th. They issued a neutral rating and a $21.00 price objective on the stock. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research report on Tuesday, July 11th. UBS AG reissued a neutral rating and issued a $20.00 price objective (down from $21.00) on shares of Orion Engineered Carbons S.A in a research report on Friday, May 5th. Berenberg Bank began coverage on shares of Orion Engineered Carbons S.A in a research report on Tuesday, May 16th. They issued a buy rating and a $26.00 price objective on the stock. Finally, ValuEngine downgraded shares of Orion Engineered Carbons S.A from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Orion Engineered Carbons S.A currently has a consensus rating of Buy and an average target price of $22.00.

Orion Engineered Carbons S.A (NYSE OEC) remained flat at $21.30 during trading on Tuesday. The company’s stock had a trading volume of 807,583 shares. Orion Engineered Carbons S.A has a 12 month low of $16.00 and a 12 month high of $24.55. The stock has a market capitalization of $1.26 billion, a P/E ratio of 23.46 and a beta of 0.49. The firm has a 50-day moving average price of $20.58 and a 200 day moving average price of $20.05.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be given a $0.169 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, September 19th. Orion Engineered Carbons S.A’s dividend payout ratio (DPR) is 87.21%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bahl & Gaynor Inc. increased its position in Orion Engineered Carbons S.A by 2.3% in the first quarter. Bahl & Gaynor Inc. now owns 59,160 shares of the specialty chemicals company’s stock worth $1,213,000 after buying an additional 1,340 shares during the period. Sit Investment Associates Inc. increased its position in Orion Engineered Carbons S.A by 3.7% in the second quarter. Sit Investment Associates Inc. now owns 55,382 shares of the specialty chemicals company’s stock worth $1,105,000 after buying an additional 1,975 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in Orion Engineered Carbons S.A by 0.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 811,346 shares of the specialty chemicals company’s stock worth $16,633,000 after buying an additional 4,978 shares during the period. Keybank National Association OH increased its position in Orion Engineered Carbons S.A by 14.0% in the first quarter. Keybank National Association OH now owns 59,300 shares of the specialty chemicals company’s stock worth $1,216,000 after buying an additional 7,300 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Orion Engineered Carbons S.A by 16.5% in the first quarter. PNC Financial Services Group Inc. now owns 74,416 shares of the specialty chemicals company’s stock worth $1,525,000 after buying an additional 10,524 shares during the period. 38.70% of the stock is currently owned by hedge funds and other institutional investors.

Orion Engineered Carbons S.A Company Profile

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.

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