2 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D lessened its stake in shares of Ovintiv Inc. ( NYSE:OVV – Free Report ) by 35.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 93,356 shares of the company’s stock after selling 51,381 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ovintiv were worth $4,376,000 as of its most recent SEC filing. Several other hedge funds also recently bought and sold shares of OVV.
International Assets Investment Management LLC boosted its stake in Ovintiv by 1,202.0% during the fourth quarter. International Assets Investment Management LLC now owns 13,879 shares of the company’s stock worth $610,000 after buying an additional 12,813 shares during the period.
Jump Financial LLC acquired a new stake in shares of Ovintiv during the fourth quarter worth about $478,000. Dimensional Fund Advisors LP lifted its position in shares of Ovintiv by 6.8% during the fourth quarter.
Dimensional Fund Advisors LP now owns 2,639,579 shares of the company’s stock worth $115,937,000 after purchasing an additional 168,320 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd.
lifted its position in shares of Ovintiv by 18.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 117,865 shares of the company’s stock worth $5,252,000 after purchasing an additional 18,021 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Ovintiv by 20.
2% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,859 shares of the company’s stock worth $960,000 after purchasing an additional 3,668 shares in the last quarter. Hedge funds and other institutional investors own 83.
81% of the company’s stock. Ovintiv Trading Up 0.9 % Shares of OVV stock opened at $39.
16 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.
44 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $10.
32 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 6.24 and a beta of 2.
62. The firm has a 50-day moving average price of $43.59 and a 200 day moving average price of $47.
83. Ovintiv Inc. has a twelve month low of $37.
81 and a twelve month high of $55.95. Ovintiv Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th.
Stockholders of record on Friday, September 13th will be issued a dividend of $0.30 per share. This represents a $1.
20 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, September 13th.
Ovintiv’s payout ratio is currently 16.76%. Analyst Upgrades and Downgrades OVV has been the topic of several research reports.
JPMorgan Chase & Co. reduced 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. Morgan Stanley reduced their target price on shares of Ovintiv from $53.00 to $51.
00 and set an “equal weight” rating on the stock in a report on Monday. TD Cowen raised their target price on shares of Ovintiv from $64.00 to $66.
00 and gave the company a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada reduced their target price on shares of Ovintiv from $62.00 to $61.
00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Finally, Wolfe Research started coverage on shares of Ovintiv in a report on Thursday, July 18th. They issued an “outperform” rating and a $65.
00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Ovintiv has an average rating of “Moderate Buy” and a consensus price target of $60.
06. Get Our Latest Stock Report on Ovintiv About Ovintiv ( 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. Recommended Stories 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 .
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