Orion Engineered Carbons SA (OEC) Position Reduced by Wells Fargo & Company MN

Alain Brian
Août 13, 2017

Research analysts at Northcoast Research increased their Q3 2017 earnings estimates for shares of Orion Engineered Carbons S.A in a report released on Tuesday.

OEC has been the subject of a number of other reports. Finally, Zacks Investment Research upgraded Orion Engineered Carbons S.A from a "sell" rating to a "hold" rating in a research note on Saturday, April 29th. The value of the company's investment in Orion Engineered Carbons S.A went from $1,213,000 to $1,090,000 decreasing 10.1% quarter over quarter.

Orion Engineered Carbons S.A., launched on May 2, 2011, is a producer of carbon black. (The) upgraded Orion Engineered Carbons S.A from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a research note on Friday, July 14th. Mckinley Capital Management LLC Delaware acquired a new position in Orion Engineered Carbons S.A during the first quarter valued at $1,880,000. The rating was maintained by Barclays Capital with "Equal-Weight" on Monday, November 9. Equity analyst Berenberg started coverage giving it an initial rating of "Buy". The stock presently has an average rating of "Buy" and a consensus price target of $22.60.

Shares of Orion Engineered Carbons S.A (NYSE:OEC) remained flat at $20.15 on Friday. Shares saw a steep increase in trading volume of 253.99% over the normal average daily volume. Orion Engineered Carbons S.A has a 12 month low of $17.15 and a 12 month high of $24.55. The firm has a market cap of $1.20 billion, a P/E ratio of 21.83 and a beta of 0.51.

The stock last traded at $20.15 barely below the 50 day moving average which is $21.04 and which is slightly above the 200 day moving average of $20.10.

"Orion Engineered Carbons S.A (NYSE:OEC) Forecasted to Post FY2017 Earnings of $1.86 Per Share" was published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of USA & global trademark and copyright laws. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/10/sit-investment-associates-inc-raises-stake-in-orion-engineered-carbons-s-a-nyseoec-updated-updated.html. Shareholders of record on Wednesday, September 20th will be issued a $0.169 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.38%. Orion Engineered Carbons S.A's dividend payout ratio is 88.24%.

Several large investors have recently modified their holdings of the company. Finally, Victory Capital Management Inc. raised its stake in shares of Orion Engineered Carbons S.A by 29.3% in the first quarter. Accern also gave media headlines about the specialty chemicals company an impact score of 45.1688294597463 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. Laurion Capital Management purchased a fresh position in stocks of Orion Engineered Carbons S.A during the Q1 worth at $8,200,000. Parametric Portfolio Associates LLC now owns 11,734 shares of the specialty chemicals company's stock worth $234,000 after buying an additional 1,046 shares during the period. Victory Capital Management has an ownership of 2,186,017 stocks of the specialty chemicals firms shares valued at $44,813,000 after scooping up an extra 494,753 stocks in the previous period. Renaissance Technologies LLC increased its position in shares of Orion Engineered Carbons S.A by 0.9% in the second quarter. Ameriprise Financial Inc owns 1,301,671 shares worth $25,968,000. Renaissance Technologies LLC increased its stake in shares of Orion Engineered Carbons S.A by 0.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 899,074 shares of the specialty chemicals company's stock worth $17,937,000 after buying an additional 87,728 shares during the period. Institutional investors own 39.11% of the company's stock. The Rubber Carbon Black segment is involved in the production of rubber carbon black. The Firm operates through two divisions: Specialty Carbon Black and Rubber Carbon Black.

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