Yaupon Capital Management LP Cuts Stock Holdings in OR Royalties Inc. $OR

Key Points

• Yaupon Capital Management LP reduced its stake in OR Royalties Inc. by 21.8%, owning 629,871 shares worth approximately $13.29 million after selling 175,684 shares during the 1st quarter.
• Several institutional investors, including EdgePoint Investment Group and T. Rowe Price, have increased their positions in OR Royalties, indicating growing confidence in the stock, which is now owned approximately 68.52% by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for OR Royalties, with six analysts recommending a "Buy" and a target price increase from $26 to $28, indicating positive sentiment toward the company's future performance.

Yaupon Capital Management LP lessened its position in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 629,871 shares of the basic materials company's stock after selling 175,684 shares during the period. Yaupon Capital Management LP owned approximately 0.34% of OR Royalties worth $13,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in OR Royalties during the 1st quarter worth approximately $62,000. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties in the 4th quarter valued at $131,000. Hsbc Holdings PLC purchased a new stake in shares of OR Royalties in the 1st quarter valued at $208,000. Autumn Glory Partners LLC purchased a new stake in shares of OR Royalties in the 1st quarter valued at $232,000. Finally, Trexquant Investment LP purchased a new stake in shares of OR Royalties in the 1st quarter valued at $248,000. Institutional investors own 68.52% of the company's stock.

Analyst Ratings Changes

OR has been the subject of a number of research reports. Wall Street Zen cut shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday. Scotiabank increased their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, July 7th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Raymond James Financial upped their price objective on shares of OR Royalties from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday. Finally, CIBC reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.25.

OR Royalties Stock Performance

Shares of NYSE OR traded up $0.07 during trading on Friday, reaching $35.96. 1,131,348 shares of the company traded hands, compared to its average volume of 789,308. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $6.77 billion, a PE ratio of 97.19 and a beta of 0.72. The firm has a 50 day simple moving average of $30.09 and a 200-day simple moving average of $25.46. OR Royalties Inc. has a 52-week low of $17.55 and a 52-week high of $36.20.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. Equities research analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. OR Royalties's dividend payout ratio (DPR) is presently 51.35%.

OR Royalties Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.