Oppenheimer & Co. Inc. Sells 1,451 Shares of Huntsman Co. (NYSE:HUN)

Oppenheimer & Co. Inc. reduced its stake in Huntsman Co. (NYSE:HUN) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 89,553 shares of the basic materials company’s stock after selling 1,451 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Huntsman were worth $2,167,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HUN. Rossmore Private Capital acquired a new position in Huntsman during the 3rd quarter worth approximately $202,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Huntsman by 6.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 73,454 shares of the basic materials company’s stock valued at $1,778,000 after acquiring an additional 4,735 shares in the last quarter. Entropy Technologies LP raised its position in shares of Huntsman by 20.1% during the third quarter. Entropy Technologies LP now owns 26,472 shares of the basic materials company’s stock worth $641,000 after purchasing an additional 4,424 shares during the period. Versor Investments LP bought a new position in shares of Huntsman in the 3rd quarter worth $257,000. Finally, State of New Jersey Common Pension Fund D grew its position in Huntsman by 23.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 90,286 shares of the basic materials company’s stock valued at $2,185,000 after purchasing an additional 16,951 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE:HUN opened at $19.55 on Friday. The company has a market capitalization of $3.38 billion, a P/E ratio of -28.33 and a beta of 1.02. The company’s 50-day moving average is $22.46 and its 200 day moving average is $22.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman Co. has a fifty-two week low of $19.14 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities research analysts forecast that Huntsman Co. will post 0.11 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.12%. Huntsman’s payout ratio is presently -144.93%.

Insider Activity

In other news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group dropped their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.75.

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.