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

OMV AG (OTCMKTS:OMVKY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 86,908 shares changed hands during mid-day 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.

Analyst Ratings Changes

Several research firms recently issued reports on OMVKY. Berenberg Bank raised shares of OMV from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Cfra Research raised shares of OMV to a "moderate sell" rating in a report on Wednesday, April 9th.

OMV Stock Up 2.6%

The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 1.28 and a beta of 0.26. The firm's fifty day moving average is $12.96 and its 200-day moving average is $11.53. 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.91. OMV had a net margin of 3.27% and a return on equity of 7.32%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $9.29 billion. On average, sell-side analysts predict that OMV AG will post 1.64 earnings per share for the current year.

OMV Cuts Dividend

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