OMV (OTCMKTS:OMVKY) Sees Unusually-High Trading Volume - Here's What Happened

OMV AG (OTCMKTS:OMVKY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 86,908 shares traded hands during trading, an increase of 425% from the previous session's volume of 16,544 shares.The stock last traded at $13.12 and had previously closed at $12.94.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Berenberg Bank upgraded OMV from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Cfra Research upgraded shares of OMV to a "moderate sell" rating in a research note on Wednesday, April 9th.

OMV Stock Up 1.9%

The company has a market cap of $17.27 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 1.25 and a beta of 0.26. The stock has a fifty day moving average price of $12.89 and a two-hundred day moving average price of $11.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.67 and a quick ratio of 1.25.

OMV (OTCMKTS:OMVKY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.91. OMV had a net margin of 3.27% and a return on equity of 7.32%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $9.29 billion. On average, research analysts expect that OMV AG will post 1.64 EPS for the current year.

OMV Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Friday, June 6th were issued a $0.3423 dividend. This represents a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, June 5th. OMV's dividend payout ratio is presently 22.66%.

OMV Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.

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