Chesapeake Capital Corp IL Buys Shares of 33,663 Orion S.A. (NYSE:OEC)

Chesapeake Capital Corp IL acquired a new stake in shares of Orion S.A. (NYSE:OEC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 33,663 shares of the specialty chemicals company’s stock, valued at approximately $933,000. Chesapeake Capital Corp IL owned about 0.06% of Orion at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OEC. Allspring Global Investments Holdings LLC lifted its holdings in shares of Orion by 91.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,375 shares of the specialty chemicals company’s stock valued at $242,000 after purchasing an additional 5,428 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Orion by 28.3% during the 3rd quarter. Victory Capital Management Inc. now owns 47,261 shares of the specialty chemicals company’s stock valued at $1,006,000 after purchasing an additional 10,413 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Orion by 4.7% during the 3rd quarter. Arizona State Retirement System now owns 16,761 shares of the specialty chemicals company’s stock valued at $357,000 after purchasing an additional 756 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Orion by 21.8% during the 3rd quarter. New York State Common Retirement Fund now owns 24,832 shares of the specialty chemicals company’s stock valued at $528,000 after purchasing an additional 4,445 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Orion by 2.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 247,391 shares of the specialty chemicals company’s stock valued at $5,264,000 after purchasing an additional 6,946 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Analysts Set New Price Targets

OEC has been the subject of a number of research analyst reports. StockNews.com upgraded Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Mizuho raised their target price on Orion from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Orion Stock Performance

OEC stock traded up $0.12 during midday trading on Friday, reaching $24.52. The stock had a trading volume of 180,460 shares, compared to its average volume of 396,501. The stock has a market cap of $1.43 billion, a PE ratio of 16.57 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45. The firm has a fifty day simple moving average of $24.19 and a two-hundred day simple moving average of $24.01. Orion S.A. has a 52-week low of $19.32 and a 52-week high of $28.48.

Orion (NYSE:OEC) last released its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). The company had revenue of $502.90 million for the quarter, compared to analysts’ expectations of $506.38 million. Orion had a net margin of 4.64% and a return on equity of 21.07%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, equities research analysts anticipate that Orion S.A. will post 2.13 EPS for the current year.

Orion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.021 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.34%. Orion’s payout ratio is currently 5.41%.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.