Victory Capital Management Inc. raised its position in shares of Orion Engineered Carbons S.A (NYSE:OEC) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,450,947 shares of the specialty chemicals company’s stock after buying an additional 264,930 shares during the period. Victory Capital Management Inc. owned about 4.13% of Orion Engineered Carbons S.A worth $48,896,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Parametric Portfolio Associates LLC purchased a new position in shares of Orion Engineered Carbons S.A during the first quarter valued at $219,000. Nine Chapters Capital Management LLC purchased a new position in shares of Orion Engineered Carbons S.A during the first quarter valued at $250,000. Sei Investments Co. purchased a new position in shares of Orion Engineered Carbons S.A during the second quarter valued at $305,000. Jane Street Group LLC purchased a new position in shares of Orion Engineered Carbons S.A during the first quarter valued at $361,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Orion Engineered Carbons S.A during the first quarter valued at $390,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

Shares of Orion Engineered Carbons S.A (NYSE OEC) opened at 21.45 on Tuesday. The stock has a market cap of $1.27 billion, a PE ratio of 23.34 and a beta of 0.51. Orion Engineered Carbons S.A has a 52 week low of $17.15 and a 52 week high of $24.55. The firm has a 50-day moving average of $21.41 and a 200 day moving average of $20.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be issued a $0.169 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.15%. Orion Engineered Carbons S.A’s dividend payout ratio is presently 88.24%.

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Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a report on Monday, July 24th. J P Morgan Chase & Co downgraded shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $23.00 in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) raised shares of Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orion Engineered Carbons S.A currently has an average rating of “Buy” and a consensus target price of $22.60.

About Orion Engineered Carbons S.A

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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Institutional Ownership by Quarter for Orion Engineered Carbons S.A (NYSE:OEC)

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