State of Wyoming Has $514,000 Position in Huntsman Corporation $HUN

State of Wyoming cut its stake in Huntsman Corporation (NYSE:HUN) by 61.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,608 shares of the basic materials company’s stock after selling 62,023 shares during the quarter. State of Wyoming’s holdings in Huntsman were worth $514,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in Huntsman in the first quarter valued at approximately $2,632,000. BNP Paribas Financial Markets boosted its position in shares of Huntsman by 236.2% during the fourth quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock worth $11,826,000 after purchasing an additional 830,828 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Huntsman during the fourth quarter worth $1,001,000. Vanguard Group Inc. grew its holdings in shares of Huntsman by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after buying an additional 1,523,590 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Huntsman by 5.8% in the 4th quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock valued at $57,052,000 after buying an additional 311,312 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Price Performance

Shares of NYSE HUN opened at $12.80 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of -6.67 and a beta of 0.69. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $16.08. The company has a fifty day moving average price of $12.92 and a 200 day moving average price of $12.79.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Research analysts predict that Huntsman Corporation will post -0.21 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Huntsman’s dividend payout ratio (DPR) is currently -18.23%.

Wall Street Analyst Weigh In

Several analysts recently commented on HUN shares. Bank of America raised their price objective on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley increased their price target on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. The Goldman Sachs Group set a $12.00 price target on Huntsman in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price objective on shares of Huntsman in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus target price of $13.67.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.