Semanteon Capital Management LP Acquires Shares of 11,471 Orion S.A. (NYSE:OEC)

Semanteon Capital Management LP purchased a new position in Orion S.A. (NYSE:OEC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,471 shares of the specialty chemicals company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bourgeon Capital Management LLC purchased a new position in Orion in the fourth quarter worth about $28,000. Covestor Ltd raised its position in Orion by 9.3% in the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock worth $121,000 after acquiring an additional 485 shares during the period. HBK Sorce Advisory LLC bought a new stake in shares of Orion during the 4th quarter valued at $247,000. Teza Capital Management LLC purchased a new stake in shares of Orion in the 3rd quarter worth $208,000. Finally, Mackenzie Financial Corp bought a new stake in Orion during the third quarter valued at about $214,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Stock Up 0.5 %

Shares of NYSE:OEC opened at $23.74 on Friday. The company has a 50-day moving average price of $23.35 and a 200 day moving average price of $23.37. The company has a current ratio of 1.47, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Orion S.A. has a 12 month low of $19.32 and a 12 month high of $28.48. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.72 and a beta of 1.64.

Orion (NYSE:OEC) last released its quarterly earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). Orion had a net margin of 5.46% and a return on equity of 24.45%. The company had revenue of $468.20 million for the quarter, compared to analysts’ expectations of $421.62 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Orion S.A. will post 2.15 earnings per share for the current year.

Orion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.021 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Orion’s dividend payout ratio (DPR) is presently 4.62%.

Analyst Ratings Changes

OEC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Mizuho began coverage on Orion in a research report on Wednesday, March 27th. They set a “neutral” rating and a $25.00 target price for the company. Finally, UBS Group decreased their target price on Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.80.

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.