229,817 Shares in Olin Corporation $OLN Acquired by Rokos Capital Management LLP

Rokos Capital Management LLP acquired a new stake in Olin Corporation (NYSE:OLN) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 229,817 shares of the specialty chemicals company’s stock, valued at approximately $6,834,000.

Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Olin by 20.2% in the 1st quarter. Royal Bank of Canada now owns 85,198 shares of the specialty chemicals company’s stock valued at $2,066,000 after purchasing an additional 14,344 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Olin in the first quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its stake in shares of Olin by 467.9% in the first quarter. Jones Financial Companies Lllp now owns 13,805 shares of the specialty chemicals company’s stock worth $335,000 after acquiring an additional 11,374 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Olin by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 588,602 shares of the specialty chemicals company’s stock valued at $14,268,000 after acquiring an additional 215,235 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Olin by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 317,472 shares of the specialty chemicals company’s stock valued at $7,696,000 after acquiring an additional 20,047 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on OLN. Wells Fargo & Company restated an “overweight” rating and set a $37.00 price target on shares of Olin in a report on Sunday, May 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olin in a research note on Friday, May 22nd. Wall Street Zen cut shares of Olin from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. UBS Group increased their price objective on shares of Olin from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Olin from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Olin has an average rating of “Hold” and a consensus price target of $26.46.

Olin Stock Down 5.9%

Shares of Olin stock opened at $21.82 on Tuesday. Olin Corporation has a one year low of $18.08 and a one year high of $30.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.36 and a quick ratio of 0.82. The stock’s 50-day moving average is $23.12 and its 200 day moving average is $24.81. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -19.48 and a beta of 1.21.

Olin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.80 annualized dividend and a yield of 3.7%. Olin’s payout ratio is -71.43%.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.