Ovintiv Inc. (NYSE:OVV) Shares Bought by Xponance Inc.

Xponance Inc. lifted its holdings in Ovintiv Inc. (NYSE:OVV) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,124 shares of the company’s stock after acquiring an additional 2,224 shares during the period. Xponance Inc.’s holdings in Ovintiv were worth $1,747,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OVV. OneDigital Investment Advisors LLC increased its position in shares of Ovintiv by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 6,018 shares of the company’s stock worth $231,000 after acquiring an additional 298 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Ovintiv by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 148,384 shares of the company’s stock worth $5,684,000 after acquiring an additional 1,891 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Ovintiv by 82.2% in the third quarter. Pathstone Holdings LLC now owns 41,645 shares of the company’s stock worth $1,595,000 after acquiring an additional 18,783 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Ovintiv in the third quarter worth $215,000. Finally, Advisors Asset Management Inc. grew its holdings in Ovintiv by 88.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,337 shares of the company’s stock valued at $434,000 after purchasing an additional 5,315 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

OVV has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Williams Trading set a $58.00 price objective on shares of Ovintiv in a report on Wednesday, March 5th. Barclays raised their price objective on shares of Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Truist Financial raised their price objective on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Citigroup decreased their price objective on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Ovintiv has a consensus rating of “Moderate Buy” and a consensus target price of $56.78.

Ovintiv Trading Down 1.4 %

Shares of NYSE:OVV opened at $41.52 on Friday. The company has a market cap of $10.81 billion, a PE ratio of 5.51 and a beta of 2.55. The company’s 50-day moving average price is $42.80 and its 200 day moving average price is $41.80. Ovintiv Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $55.95. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.89%. Ovintiv’s dividend payout ratio is presently 28.57%.

Ovintiv Profile

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.