Oppenheimer & Co. Inc. Has $1.47 Million Holdings in Huntsman Co. (NYSE:HUN)

Oppenheimer & Co. Inc. decreased its holdings in shares of Huntsman Co. (NYSE:HUN) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,480 shares of the basic materials company’s stock after selling 8,073 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Huntsman were worth $1,469,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HUN. Creative Planning raised its stake in Huntsman by 16.0% during the third quarter. Creative Planning now owns 28,925 shares of the basic materials company’s stock worth $700,000 after acquiring an additional 3,997 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Huntsman by 257.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,396 shares of the basic materials company’s stock worth $905,000 after acquiring an additional 26,934 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Huntsman by 21.4% during the third quarter. Nisa Investment Advisors LLC now owns 64,615 shares of the basic materials company’s stock worth $1,564,000 after acquiring an additional 11,400 shares in the last quarter. Radnor Capital Management LLC acquired a new position in Huntsman during the third quarter worth about $1,019,000. Finally, Principal Financial Group Inc. raised its stake in Huntsman by 10.3% during the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after acquiring an additional 124,841 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of HUN stock opened at $16.03 on Tuesday. The business’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $19.98. Huntsman Co. has a one year low of $15.67 and a one year high of $27.01. The stock has a market capitalization of $2.77 billion, a PE ratio of -14.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, research analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.24%. The ex-dividend date is Friday, March 14th. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HUN shares. Royal Bank of Canada boosted their price target on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Mizuho reduced their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group reduced their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.63.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.