Oil-Dri Corporation Of America (NYSE:ODC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Oil-Dri Corporation Of America (NYSE:ODC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $57.36 and traded as high as $59.63. Oil-Dri Corporation Of America shares last traded at $58.37, with a volume of 62,504 shares traded.

Wall Street Analyst Weigh In

ODC has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Monday, December 22nd. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

The company’s 50-day simple moving average is $52.43 and its 200 day simple moving average is $57.36. The company has a quick ratio of 2.23, a current ratio of 3.34 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $851.03 million, a price-to-earnings ratio of 16.04 and a beta of 0.77.

Oil-Dri Corporation Of America (NYSE:ODC) last released its quarterly earnings results on Monday, December 8th. The specialty chemicals company reported $1.06 earnings per share (EPS) for the quarter. The company had revenue of $120.49 million during the quarter. Oil-Dri Corporation Of America had a return on equity of 21.06% and a net margin of 11.10%.During the same quarter last year, the company posted $2.25 EPS.

Oil-Dri Corporation Of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.4%. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 20th. Oil-Dri Corporation Of America’s dividend payout ratio is 19.78%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CSM Advisors LLC acquired a new position in Oil-Dri Corporation Of America during the 2nd quarter worth $3,156,000. Goldman Sachs Group Inc. increased its stake in shares of Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock worth $4,028,000 after purchasing an additional 48,309 shares during the period. Two Sigma Investments LP lifted its position in shares of Oil-Dri Corporation Of America by 111.8% during the 3rd quarter. Two Sigma Investments LP now owns 85,798 shares of the specialty chemicals company’s stock worth $5,237,000 after purchasing an additional 45,294 shares during the last quarter. Millennium Management LLC boosted its stake in Oil-Dri Corporation Of America by 75.2% during the 3rd quarter. Millennium Management LLC now owns 99,213 shares of the specialty chemicals company’s stock valued at $6,056,000 after purchasing an additional 42,572 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Oil-Dri Corporation Of America by 244.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 58,152 shares of the specialty chemicals company’s stock valued at $3,430,000 after purchasing an additional 41,276 shares during the period. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.