Orion Engineered Carbons SA (NYSE:OEC) declared a dividend on Wednesday, May 24th. Shareholders of record on Monday, June 5th will be paid a dividend of 0.189 per share by the specialty chemicals company on Friday, June 30th. The ex-dividend date is Thursday, June 1st. This is a positive change from Orion Engineered Carbons SA’s previous dividend of $0.18.

Shares of Orion Engineered Carbons SA (NYSE:OEC) traded up 0.56% during trading on Friday, reaching $17.85. 204,164 shares of the company’s stock traded hands. The company has a 50 day moving average price of $19.01 and a 200 day moving average price of $19.85. The stock has a market capitalization of $1.06 billion, a PE ratio of 20.98 and a beta of 0.55. Orion Engineered Carbons SA has a 1-year low of $14.44 and a 1-year high of $22.20.

Dividend History for Orion Engineered Carbons SA (NYSE:OEC)

A hedge fund recently bought a new stake in Orion Engineered Carbons SA stock. Parametric Portfolio Associates LLC purchased a new stake in shares of Orion Engineered Carbons SA (NYSE:OEC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,688 shares of the specialty chemicals company’s stock, valued at approximately $219,000. 29.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on OEC shares. Zacks Investment Research downgraded Orion Engineered Carbons SA from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. Goldman Sachs Group Inc started coverage on Orion Engineered Carbons SA in a report on Thursday, May 11th. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Berenberg Bank started coverage on Orion Engineered Carbons SA in a report on Tuesday, May 16th. They issued a “buy” rating and a $26.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.20.

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About Orion Engineered Carbons SA

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

12 Month Chart for NYSE:OEC

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