2 weeks Ago By ABMN Staff
Quarry LP increased its holdings in shares of Ovintiv Inc. ( NYSE:OVV – Free Report ) by 89.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 40,902 shares of the company’s stock after acquiring an additional 19,272 shares during the period. Quarry LP’s holdings in Ovintiv were worth $1,917,000 as of its most recent SEC filing. Several other large investors have also recently bought and sold shares of the business.
American National Bank purchased a new position in shares of Ovintiv in the 1st quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in shares of Ovintiv during the 2nd quarter worth approximately $39,000. Geneos Wealth Management Inc.
increased its stake in Ovintiv by 53.4% in the 1st quarter. Geneos Wealth Management Inc.
now owns 862 shares of the company’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Ovintiv during the fourth quarter worth $68,000. Finally, International Assets Investment Management LLC purchased a new stake in Ovintiv during the second quarter worth $69,000.
Hedge funds and other institutional investors own 83.81% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on OVV.
TD Cowen lifted their price target on Ovintiv from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, June 10th.
UBS Group cut their target price on shares of Ovintiv from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th.
JPMorgan Chase & Co. lowered their price target on shares of Ovintiv from $60.00 to $51.
00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Scotiabank lifted their price objective on Ovintiv from $58.00 to $60.
00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Finally, Truist Financial increased their target price on Ovintiv from $60.00 to $62.
00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Ovintiv presently has an average rating of “Moderate Buy” and an average target price of $59.
83. Ovintiv Trading Up 3.7 % Shares of OVV stock opened at $38.
37 on Monday. The firm’s 50-day simple moving average is $42.11 and its 200-day simple moving average is $47.
18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.
44 and a quick ratio of 0.44. Ovintiv Inc.
has a 1-year low of $36.90 and a 1-year high of $55.95.
The firm has a market cap of $10.11 billion, a P/E ratio of 5.36, a PEG ratio of 7.
23 and a beta of 2.62. Ovintiv ( NYSE:OVV – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th.
The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.
02. Ovintiv had a net margin of 18.56% and a return on equity of 18.
28%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.
53 billion. As a group, equities analysts forecast that Ovintiv Inc. will post 5.
26 EPS for the current year. Ovintiv Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.
30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.
13%. The ex-dividend date of this dividend was Friday, September 13th. Ovintiv’s payout ratio is currently 16.
76%. Ovintiv Profile ( Free Report ) Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments.
Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Featured Articles Want to see what other hedge funds are holding OVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ovintiv Inc.
( NYSE:OVV – Free Report ). Receive News & Ratings for Ovintiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ovintiv and related companies with MarketBeat.com's FREE daily email newsletter .
.
