Orion S.A. (OEC) To Go Ex-Dividend on June 11th

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Shareholders of record on Wednesday, June 11th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, July 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Wednesday, June 11th.

Orion has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Orion to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.8%.

Orion Trading Down 1.6 %

Shares of OEC stock opened at $12.03 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. Orion has a twelve month low of $10.50 and a twelve month high of $26.05. The company’s 50-day moving average price is $12.92 and its 200-day moving average price is $14.95. The stock has a market cap of $681.55 million, a price-to-earnings ratio of 16.04 and a beta of 1.25.

Orion (NYSE:OEC) last posted its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. The company had revenue of $434.20 million for the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. As a group, equities analysts predict that Orion will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. downgraded Orion from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $12.00 in a research report on Thursday. UBS Group reduced their price objective on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Insider Activity at Orion

In other news, VP Carlos Quinones purchased 3,300 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $13.07 per share, for a total transaction of $43,131.00. Following the completion of the transaction, the vice president now directly owns 79,702 shares in the company, valued at approximately $1,041,705.14. This represents a 4.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

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.