Andra AP fonden grew its holdings in shares of Alvopetro Energy Ltd (NYSE:ALV) by 16.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,600 shares of the company’s stock after acquiring an additional 2,400 shares during the quarter. Andra AP fonden’s holdings in Alvopetro Energy were worth $2,052,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Alvopetro Energy by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares during the period. FMR LLC boosted its position in Alvopetro Energy by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the company’s stock worth $199,956,000 after acquiring an additional 123,781 shares during the period. Vanguard Group Inc. boosted its position in Alvopetro Energy by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the company’s stock worth $153,774,000 after acquiring an additional 24,364 shares during the period. Dimensional Fund Advisors LP boosted its position in Alvopetro Energy by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the company’s stock worth $89,305,000 after acquiring an additional 85,971 shares during the period. Finally, Legal & General Group Plc boosted its position in Alvopetro Energy by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 408,531 shares of the company’s stock worth $44,856,000 after acquiring an additional 19,951 shares during the period.
A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $100.00 price target on shares of Alvopetro Energy in a research report on Tuesday, August 29th. Mizuho raised Alvopetro Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $108.00 to $130.00 in a research note on Monday, July 17th. Pareto Securities raised Alvopetro Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Evercore ISI reissued an “underperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Alvopetro Energy in a research note on Monday, September 18th. Finally, Buckingham Research raised Alvopetro Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $87.00 to $114.00 in a research note on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. Alvopetro Energy currently has a consensus rating of “Hold” and an average price target of C$108.55.
Shares of Alvopetro Energy Ltd (NYSE:ALV) opened at C$123.44 on Friday. Alvopetro Energy Ltd has a 52 week low of C$96.08 and a 52 week high of C$127.75.
Alvopetro Energy (NYSE:ALV) last announced its earnings results on Thursday, October 26th. The company reported C$1.47 earnings per share for the quarter, beating the consensus estimate of C$1.33 by C$0.14. The firm had revenue of C$2.50 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Alvopetro Energy had a return on equity of 9.32% and a net margin of 3.53%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 EPS.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 1.94%.
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About Alvopetro Energy
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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