Mendota Financial Group LLC Decreases Position in Orion S.A. (NYSE:OEC)

Mendota Financial Group LLC trimmed its position in shares of Orion S.A. (NYSE:OEC) by 50.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,203 shares of the specialty chemicals company’s stock after selling 2,228 shares during the period. Mendota Financial Group LLC’s holdings in Orion were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Orion in the 3rd quarter valued at about $27,000. DekaBank Deutsche Girozentrale purchased a new position in Orion in the second quarter worth $54,000. nVerses Capital LLC purchased a new position in shares of Orion in the 3rd quarter worth about $69,000. Point72 DIFC Ltd boosted its stake in Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock worth $79,000 after buying an additional 4,152 shares in the last quarter. Finally, Quarry LP grew its position in Orion by 76.9% during the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $105,000 after acquiring an additional 2,076 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OEC shares. StockNews.com cut shares of Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $20.00 to $21.00 in a research note on Monday, November 11th.

Orion Price Performance

OEC stock opened at $15.11 on Tuesday. Orion S.A. has a 12-month low of $14.07 and a 12-month high of $26.05. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The firm’s 50-day moving average price is $16.83 and its two-hundred day moving average price is $17.93. The stock has a market capitalization of $872.15 million, a price-to-earnings ratio of 28.51 and a beta of 1.53.

Orion (NYSE:OEC) last posted its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Orion had a return on equity of 18.97% and a net margin of 1.67%. The firm had revenue of $463.40 million for the quarter, compared to analysts’ expectations of $489.01 million. As a group, equities analysts predict that Orion S.A. will post 1.68 earnings per share for the current year.

Orion 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.