JB Capital Partners LP Acquires Shares of 335,000 Orion S.A. $OEC

JB Capital Partners LP acquired a new stake in shares of Orion S.A. (NYSE:OEC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 335,000 shares of the specialty chemicals company’s stock, valued at approximately $1,769,000. JB Capital Partners LP owned approximately 0.60% of Orion at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Performa Ltd US LLC lifted its stake in Orion by 690.0% during the 4th quarter. Performa Ltd US LLC now owns 7,900 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 6,900 shares in the last quarter. ProShare Advisors LLC bought a new position in Orion during the 4th quarter valued at $53,000. Sequoia Financial Advisors LLC lifted its stake in Orion by 16.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 1,742 shares in the last quarter. CWM LLC lifted its stake in Orion by 100.0% during the 4th quarter. CWM LLC now owns 14,594 shares of the specialty chemicals company’s stock valued at $77,000 after acquiring an additional 7,298 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Orion by 321.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,382 shares of the specialty chemicals company’s stock valued at $77,000 after acquiring an additional 5,632 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OEC. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. UBS Group lifted their target price on Orion from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a research note on Tuesday, April 21st. Wall Street Zen upgraded Orion from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Mizuho lifted their target price on Orion from $4.50 to $5.25 and gave the stock an “underperform” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average target price of $5.92.

Orion Trading Up 9.9%

NYSE OEC opened at $8.26 on Friday. The business’s fifty day moving average is $7.15 and its 200-day moving average is $6.20. Orion S.A. has a one year low of $4.34 and a one year high of $11.62. The stock has a market capitalization of $465.50 million, a price-to-earnings ratio of -5.16 and a beta of 0.97. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.00 and a quick ratio of 0.62.

Orion (NYSE:OEC) last announced its quarterly earnings data on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. The firm had revenue of $459.50 million during the quarter, compared to the consensus estimate of $434.31 million. Equities research analysts predict that Orion S.A. will post 0.1 EPS for the current year.

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 10th will be paid a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, June 10th. Orion’s payout ratio is currently -5.00%.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.